The Task Force on Climate-Related Financial Disclosures (TCFD) is consulting on new guidance on climate-related metrics, targets and transition plans

The Basel Committee on Banking Supervision has launched a consultation on preliminary proposals for the prudential treatment of banks’ cryptoasset exposures

The International Accounting Standards Board (IASB) has launched a consultation on a revised framework for management commentary in accounts which aims to build on the latest developments in narrative reporting to focus on the information that investors need and ways to present it more clearly

The Treasury is consulting on draft regulations that aim to give HMRC the power to take swifter action when tax avoidance scheme promoters fail to provide information on their avoidance schemes

Plans for the creation of a new sustainability standards board are progressing as the trustees of the IFRS Foundation launch a consultation on proposed amendments to the constitution of the Foundation to set out a framework for the formation of a new International Sustainability Standards Board (ISSB)

The International Accounting Standards Board (IASB) has published a proposed update to the IFRS Taxonomy 2021 amending a number of IFRS standards

The Financial Reporting Council (FRC) has issued an exposure draft that proposes to extend the application period of requirements that cover the accounting treatment of temporary rent concessions occurring as a direct consequence of the Covid-19 pandemic by one year

The government has launched a consultation on introducing mandatory climate-related financial disclosures for publicly quoted companies, large private companies and LLPs, set to come into effect from April 2022

The International Accounting Standards Board (IASB) is consulting on a new approach to developing disclosure requirements in IFRS standards and new disclosure requirements on fair value measurement and employee benefits

The International Accounting Standards Board (IASB) has decided to extend by 30 days the comment period for the Exposure Draft Regulatory Assets and Regulatory Liabilities

The Financial Reporting Council (FRC) is calling for views on potential changes and improvements to the UK’s main accounting framework under FRS 102 to take into account the latest reporting issues

The IFRS standard setter is currently consulting on the accounting rules for regulatory assets and regulatory liabilities under IFRS 14 and their impact on financial performance. Jeroen Van Doorsselaere examines the impact on P&L