The Government Actuary’s Department (GAD) is working with government departments and public sector organisations to clarify the new insurance reporting requirements
Concerns about potential complexity of new sustainability standards has seen capital markets groups and accountants join forces to call for a simplified approach
The International Sustainability Standards Board (ISSB) has outlined the necessary steps required to establish a comprehensive global baseline of sustainability disclosures by the end of 2022
The Financial Reporting Council (FRC) has published a review of the use and problems related to accounting for discount rates, including dealing with complexity
The UK Endorsement Board (UKEB) has approved the adoption of the International Accounting Standards Board’s (IASB) IFRS 17 Insurance Contracts for use by UK companies
The government plans to consult on endorsement plans for future sustainability standards by the end of the year but will aim to consolidate reporting requirements to reduce overlap
As firms begin to realise the fast approaching deadline of complying with new requirements under quality management standard ISQM (UK) 1, Helen MacNeill FCA and Sarah Baxendale FCA look in more detail at the risk assessment process
The Financial Reporting Council (FRC) plans to consult on possible amendments to UK GAAP in September following a series of roundtables with stakeholders
At a meeting of the International Accounting Standards Board (IASB), members of the IFRS for SMEs working group discussed possible simplifications to the accounting rules
Following the release of the latest LLPs SORP, Kate Beeston ACA from Croner-i and Janet Milligan ACA from the LLP SORP steering group set out the key changes and the practical impact for preparers and auditors of limited liability partnership accounts
The UK Endorsement Board (UKEB) has launched a campaign to recruit over 50 advisory group members to input into technical decision-making on international accounting standards
The Trustees of the IFRS Foundation have signed agreements with German public and private sector institutions to finalise a deal to set up the International Sustainability Standards Board (ISSB) in Frankfurt
Cash flow statements are consistently high on the list of areas that regulators focus on. Sarika Sharma ACA runs through fundamental elements of cash flow, the common issues and how to avoid them in practice