Financial reporting

Accounting | Scammers try to dupe Companies House users

Companies House has warned businesses to ignore emails from a scammer operating as Trafsoft.com which is trying to dupe directors into verifying their online identity

22 Sep 2023

Accounting

Financial reporting

Accounting | Commissioners take financial control of Birmingham Council

The government is sending in special commissioners to take over the running of Birmingham City Council after it faced multimillion pound deficit and unaffordable equal pay settlement

19 Sep 2023

Accounting

Financial reporting

Accounting | Corporate governance reforms – will they hold directors to account?

Amy Harvey, partner, and Alexander Unal, associate, at Ontier LLP examine whether the move to introduce tougher disclosure rules on distributable profits and dividend payments, resilience statements, and material fraud will improve transparency and accountability

18 Sep 2023

Accounting

Financial reporting

Accounting | Construction multinational fined $14.5m over accounting errors

The US regulator has fined global construction company Fluor $14.5m for accounting errors on two fixed price construction projects

8 Sep 2023

Accounting

Financial reporting

Accounting | Birmingham Council faces £87m deficit and bankruptcy

An unaffordable settlement for an equal pay claim and £87m deficit have forced Birmingham City Council to issue a section 114 notice, as auditors warn financial situation is grave

5 Sep 2023

Accounting

Financial reporting

Accounting | Sustainability reporting needs to connect with financials

The launch of sustainability standards is an opportunity for standard setters to develop global best practices for greater transparency on the connection between financial and sustainability information, says IFAC

4 Sep 2023

Accounting

Financial reporting

Accounting | Switzerland plans register of business owners

The Swiss government has outlined proposals to tighten up anti money laundering rules and create a government register of business ownership

31 Aug 2023

Accounting

Financial reporting

Accounting | Accounts disclosure checklists: what you need to know

Dave Rowley CPFA takes you through the basics of selecting, using and completing a disclosure checklist to finalise accounts following the launch of Croner-i’s disclosure checklist software

30 Aug 2023

Accounting | File accounts early to avoid penalties up to £7,500

As the filing deadline for company accounts approaches, Companies House is warning businesses to file by 30 September deadline

25 Aug 2023

Accounting

Financial reporting

Accounting | IAS 21 amended for currency exchange complexity

The International Accounting Standards Board (IASB) has amended IAS 21 to require companies to provide more useful information in their financial statements when a currency cannot be exchanged into another currency

17 Aug 2023

Accounting

Financial reporting

IFRS

Accounting | Top 10 tips: financial statement disclosures

Rachel Farris FCA CTA looks at some top tips for best practice disclosures in financial statements with links to new Croner-i Interactive Disclosure Checklist

9 Aug 2023

Accounting | IFRS 17 challenges for reinsurance

Michael Winkler, actuary, and Sunil Kansal, head of consulting at Shasat, shed light on the intricacies of implementing IFRS 17 Insurance Contracts and the resulting mismatches in financial reporting

7 Aug 2023

Accounting

Financial reporting

IFRS

Accounting | EU sustainability reporting standards released

The European Commission has issued a set of 12 European Sustainability Reporting Standards effective from 2024 for the largest companies operating across the EU

1 Aug 2023

Accounting

Financial reporting

Accounting | Collapsed Coventry City of Culture reported accounting errors

Accounting problems helped to lead to the collapse of the Coventry City of Culture Trust after it received £21.3m of public funding, according to a report by the National Audit Office (NAO)

24 Jul 2023

Accounting | Accounting for Climate Resilience briefing released

AICPA & CIMA have launched Accounting for Climate Resilience, an online educational brief designed to help finance professionals report on climate-related risks

24 Jul 2023

Accounting

Financial reporting

Accounting | UKEB adopts temporary amendments to IAS 12

The UK Endorsement Board has adopted the amendments to IAS 12 International Tax Reform: Pillar Two Model Rules for use in the UK during the initial adoption period of the global base tax rate

21 Jul 2023

Accounting | Scammers try to dupe Companies House users

Accounting | Commissioners take financial control of Birmingham Council

Accounting | Corporate governance reforms – will they hold directors to account?

Accounting | Construction multinational fined $14.5m over accounting errors

Accounting | Birmingham Council faces £87m deficit and bankruptcy

Accounting | Sustainability reporting needs to connect with financials

Accounting | Switzerland plans register of business owners

Accounting | Accounts disclosure checklists: what you need to know

Accounting | File accounts early to avoid penalties up to £7,500

Accounting | IAS 21 amended for currency exchange complexity

Accounting | Top 10 tips: financial statement disclosures

Accounting | IFRS 17 challenges for reinsurance

Accounting | EU sustainability reporting standards released

Accounting | Collapsed Coventry City of Culture reported accounting errors

Accounting | Accounting for Climate Resilience briefing released

Accounting | UKEB adopts temporary amendments to IAS 12

Technical Alerts

Accountancy & Audit | FCA publishes new rules on climate-related disclosures

Accountancy & Audit | FRC publishes list of companies reviewed for Corporate Reporting Review

Accountancy & Audit | IFRS TRWG publishes webcast explaining sustainability standard recommendations

Accountancy & Audit | FRC consultation on annual review of FRS 101

Accountancy & Audit | IFAC publishes vision for high-quality sustainability assurance

Accountancy & Audit | FRC announces areas of supervisory focus for 2022–23

Accountancy & Audit | FRC publishes position paper on revisions to Technical Actuarial Standards

Accountancy & Audit | FRC publishes first-time report on requirements for delivering high quality audits

Accountancy & Audit | FRC publishes staff factsheet on climate-related matters

Accountancy & Audit | FRC publishes oversight responsibilities and independent supervisor reports

Accountancy & Audit | FRC Lab publishes report on structured digital reporting

Accountancy & Audit | FRC issues 2022 update of Taxonomies Suite

Accountancy & Audit | FRC Thematic Review on APM reporting by UK companies finds room for improvement

Accountancy & Audit | FRC and IASB to host joint outreach event on management commentary

Accountancy & Audit | FRC Lab calls for participants in new ESG data project

Accountancy & Audit | FRC publishes thematic on viability and going concern disclosures