FTSE listed Pressure Technologies has flagged a delay to the year end financial statements due to a failure to comply with revenue recognition reporting rules under IFRS 15
The Financial Reporting Council (FRC) has published a review of the Big Four audit firms’ methodology around IFRS 9 Financial Instruments, focusing on banking audits
The Financial Reporting Council (FRC) has written to insurance companies setting out audit priorities once IFRS 17 Insurance Contracts comes into effect from January
Rachel Farris FCA CTA and Sarah Baxendale FCA explain the critical issues to bear in mind when completing accounts for December 2022 year end reporters
The International Accounting Standards Board (IASB) has issued amendments to IAS 1 Presentation of Financial Statements to improve reporting of long-term debt with covenants
The International Accounting Standards Board (IASB) has amended IFRS 16 Leases to clarify how a company accounts for a sale and leaseback after the date of the transaction
The exponential growth of transactions in Bitcoin and other cryptocurrencies has inevitably raised significant questions about how these activities should be treated in financial statements. Mark Wearden FCCA FCG explains
The Financial Reporting Council (FRC) has published a thematic review of earnings per share (EPS), warning that the IAS 33 accounting rules are not always correctly applied
Michael Winkler, actuary and Sunil Kansal FCA, head of consulting at Shasat Consulting highlight some of the key financial reporting changes as a result of the transition to IFRS 17 Insurance Contracts