Directors need to ensure they are complying with their duties but also protect their own position if the company eventually does fail, and accountants have a major role to play, explains Edward Starling, partner at Wedlake Bell LLP

The Financial Reporting Council has told companies to improve the clarity of accounts and focus on accurate financial reporting of impairments and estimates

The former finance chief of Patisserie Valerie has appeared at Westminster Magistrate’s Court for the first day of proceedings in the fraud trial

The UK plan to adopt UK Sustainability Disclosure Standards has been endorsed with the release of the disclosure framework for climate transition reporting effective 2026

Sophie Brookes and Debbie Shaw, Gateley, examine proposed changes to employee ownership trusts to stop tax abuse, AXA wins at Company Names Tribunal over misuse of its name and prospectus regime review 

Online used car marketplace Motorway has reported a £1.27m accounting error related to the reporting of share options over a three-year period

The International Accounting Standards Board (IASB) has made temporary amendments to IFRS for SMEs accounting standard to take into account Pillar Two tax rules

Changes to revenue recognition and lease accounting to align with IFRS will not affect UK companies reporting under UK GAAP until 2026 as FRC pushes back timetable

The UK Endorsement Board (UKEB) is canvassing corporate reporters on ways to reduce the complexity of accounting for intangibles

Tim Pinkney, acting director of professional standards for the Institute of Financial Accountants, provides guidance on making a good quality suspicious activity report (SAR) to prevent clients potentially laundering money through firms

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

The International Accounting Standards Board has launched a project to address concerns about inconsistency in the reporting of climate-related risks in IFRS financial statements