CCAB has issued the revised Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP) due to come into effect from 1 January 2022

The FRS Foundation has confirmed that it is close to appointing a chairperson for the newly set up International Sustainability Standards Board (ISSB) while it has outlined plans for work priorities 

The International Accounting Standards Board (IASB) has issued a narrow-scope amendment to the transition requirements in IFRS 17 Insurance Contracts, providing insurers with an option aimed at improving the usefulness of information to investors on initial application of the new standard

The Financial Reporting Council (FRC) has published a factsheet which details what climate-related matters need to be considered when preparing financial statements and associated narrative reporting under FRS 102

Plans to finalise the International Sustainability Standards Board are going ahead with the IFRS Foundation telling COP26 delegates that the new standard setter would be set up by June 2022 based in Frankfurt

Sarah Baxendale FCA explains impairment accounting for entities applying IAS 36 Impairment of Assets, how to apply the standard and the frequency of assessments 

Rachel Farris FCA CTA, senior accounting writer at Croner-i, identifies two significant issues for businesses to consider when accounting for current and deferred tax under IAS 12 Income Taxes (IAS 12) – Covid-19 related impacts and climate-related risks

The Value Reporting Foundation has released an XBRL taxonomy for Sustainability Accounting Standards Board (SASB) standards to integrate the standards into the common language for business reporting

Sarah Baxendale FCA looks at the impact on presentation and disclosure as a result of applying IFRS 13 Fair Value Measurement and the fair value principles in IFRS standards

In this month's exclusive Accountancy Daily CPD module, we focus on the accounting requirements for asset impairment covering the scope of FRS 102 and FRS 105, look into the specific requirements for the repairment of inventories and other assets, and then into goodwill and the reversal of impairment losses

The Financial Reporting (FRC) Lab has published its latest overview on reporting on stakeholders’ decisions, and Section 172 statements which outlines what investors want to see reported in these areas and provides examples from current reporting practice

Accounting for Sustainability (A4S) has compiled a guide of the current 614 sustainability reporting requirements for 84 different countries to aid financial professionals with their sustainability and environmental, social, and governance (ESG) reporting