Accounting / International reporting: forward-looking financial statements

In September’s international accounting updates, Jeroen Van Doorsselaere considers what lies ahead for CFOs and asks whether they now need to be a jack of all trades

Accounting / Push for standardised carbon accounting

The Partnership for Carbon Accounting Financials (PCAF), an industry-led partnership to standardise carbon accounting for the financial sector, has launched a UK coalition to further promote measurement and disclosure of carbon emissions in the finance sector

Accounting / Deloitte fined £15m over Autonomy auditing failures

Deloitte has been fined a record £15m and severely reprimanded by the Financial Reporting Council (FRC) for ‘serious and serial failures’ in its auditing of software company Autonomy, including ‘numerous’ examples of misconduct and a lack of professional scepticism

Accounting / Coronavirus set to increase M&A disputes

With buyers and sellers arguing over every penny, M&A negotiations are likely to become more contentious, complex and expensive. Duff & Phelps’ Andrew Probert looks how accounting policies can lead to disputes as ‘coronavirus’ gets written into agreements

Accounting / Ignore professional development at your peril

With online CPD courses offering help and advice to tackle the latest government guidelines and adaptation of working practices, why are accountants not seizing the opportunities available? Susan Divall from the Institute of Financial Accountants considers the risks of not prioritising professional development

Accounting / Plan to create unified sustainability reporting standards

Five global organisations specialising in sustainability and integrated reporting frameworks and standards have declared their intention to work together to create a comprehensive approach to corporate reporting

Accounting / FRC’s Lab to examine reporting on risks and uncertainties

The Financial Reporting Council’s (FRC's) Financial Reporting Lab is inviting investors and companies to participate in a new project on corporate reporting on risks, uncertainties and scenarios

Accounting / Small accountancy firms remain vital to SME Covid-19 survival

To commemorate Small Business Advice Week, ACCA (the Association of Chartered Certified Accountants) produced a report outlining the importance of Smaller accountancy firms on businesses trying to survive the Covid-19 pandemic

Accounting / Haines Watts tops £100m in revenue

Top twenty firm Haines Watts has broken the £100m barrier, recording a 11% increase in revenues for the latest financial year, largely due to its acquisitive ‘buy and build’ strategy

Accounting / Accounting for Covid-19 Loans and Grants - CPD module

This month's exclusive Accountancy Daily CPD module focuses on detailed accounting aspects of the Covid-19 related grants, reliefs and loans that have been made available to businesses, including CBILS and bounce back loans

Accounting / IASB concludes IBOR reform project

The International Accounting Standards Board (IASB) has finalised its response to the ongoing reform of inter-bank offered rates (IBOR) and other interest rate benchmarks, by issuing a final package of amendments to IFRS standards

Accounting / FRC amendment to IFRS 16 – Covid-19-Related Rent Concessions

The Financial Reporting Council (FRC) has confirmed it will not pursue regulatory action where issuers take advantage of the provisions contained in the Accounting for Lease Modifications (Amendment to IFRS 16 – Covid-19-Related Rent Concessions) before adoption by the EU

Accounting / International reporting: management commentary

In August’s international accounting updates, Jeroen Van Doorsselaere considers the importance of management commentary and moves towards a tighter integration of the finance and risk world

Accounting / Risks ahead for LIBOR-linked loans

Now the FCA will not compel banks to submit LIBOR quotations or sustain the LIBOR benchmark after 2021, Collyer Bristow’s Janine Alexander examines the current risks for borrowers entering into LIBOR-linked loans and how they can best protect themselves

Accounting / Global AML fines reach £540m with reoccurring failures

The first half of 2020 has seen an uptick in anti-money laundering (AML) fine values globally totalling £540m compared to 2019’s full-year-total of £340m, according to Duff & Phelps