A specialist taskforce on disclosures about expected credit losses has published ‘stretching’ recommendations for the UK's biggest banks in meeting requirements under IFRS 9 Financial Instruments, which will have a significant effect on how they calculate loan loss provisions

Less than half (44%) of the largest European companies explain in their management reports how their business models are affected by climate change or environmental challenges, a review of company reporting under the EU’s environmental reporting law has found

The Charities SORP Committee is consulting on how best to reform the process for developing the Charities Statement of Recommended Practice (SORP), which sets the accounting framework for charities

This article, the thirteenth in our series on charity accounts, will focus on accounting for grants payable and provisions for commitments, including performance-related grants and disclosure of grants payable

The Financial Reporting Council’s (FRC) financial reporting lab is set to release a report on the impact of artificial intelligence (AI) on the future of corporate reporting

In part eight of our series on IFRS 16 Leases, Louise Sayers, audit partner and head of natural resources at BDO, examines why it is of particular importance to the extractives and mining sector and what companies should consider when applying the new standard

This article, the twelfth in our series on charity accounts, will focus on how to account for the various different types of grant and contract based income that charities receive, including unconditional grants, grant income recognition, claw back and disclosures

The International Accounting Standards Board (IASB) is proposing a one-year deferral of the effective date for IFRS 17 Insurance Contracts, under which insurance contract liabilities will be calculated as the present value, to 2022

South Korea’s financial services regulator has ruled that Samsung BioLogics, the biotech drug arm of Samsung Group, the country’s biggest family-run conglomerate, ‘intentionally violated accounting rules’ and has imposed sanctions on its auditors

The Corporate Reporting Dialogue (CRD), a group of major international corporate reporting standard setters and framework providers, has announced a two-year project focused on driving better alignment in the corporate reporting landscape

This article, the eleventh in our series on charity accounts, will focus on how financial instruments are accounted for under FRS 102 SORP, including what disclosures charities are required to make about their basic financial instruments

The Financial Reporting Lab has published guidance for companies on ways to improve the presentation of performance metrics in their reporting following criticism from investors about a lack of clarity and transparency

Yü Group plc has called in PwC to conduct a forensic review following accounting irregularities at the AIM-listed supplier of gas and electricity to UK businesses 

The government has issued draft legislation to amend the filing exemptions for companies and limited liability partnerships (LLPs) ahead of the UK leaving the EU, but refers to 'exit day'

Andrew Marshall FCA, senior technical partner at KPMG UK, examines the impact of IFRS 16 on the retail sector examines how the new accounting rules, effective from 1 January 2019, affect lease terms and payments, discount options, and sale and leaseback