Consultations

Accounting | Framework for sustainability standards board out for consultation

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)

5 May 2021

Accounting | IASB consults on update to IFRS Taxonomy

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

23 Apr 2021

Accounting | FRC proposes extending Covid-19 related rent concessions

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

21 Apr 2021

UK GAAP

Accounting | Mandatory climate-related financial disclosures by 2022

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

30 Mar 2021

Financial reporting

Accounting | IASB plans to improve disclosure notes in financial statements

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

30 Mar 2021

Accounting | IASB extends consultation on reporting of regulatory assets and liabilities

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

29 Mar 2021

Accounting | FRC kicks off review of FRS 102 accounting rules

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

25 Mar 2021

UK GAAP

Accounting | International reporting: regulatory assets and liabilities under IFRS 14

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

18 Mar 2021

Accounting | IASB plans extension of IFRS 16 support for lessees

The International Accounting Standards Board (IASB) has published a two-week consultation on a proposal to extend by one year the application period of the amendment to IFRS 16 Leases issued in 2020 to help lessees accounting for covid-19-related rent concessions

15 Feb 2021

Accounting | Pension scheme trustees challenged over climate change reporting

The Department for Work and Pensions (DWP) is consulting on proposed legislation requiring occupational pension schemes to improve their climate risk governance and reporting, which has come under fire from the sector’s regulator

3 Feb 2021

Accounting | Local government investment failures prompt Prudential Code review

CIPFA is consulting on proposals to strengthen the Prudential Code, following growing concerns over local government commercial property investments which have seen councils take on disproportionate levels of commercial debt to generate yield

2 Feb 2021

Financial reporting

Accounting | IASB proposes accounting standard for rate-regulated companies

The International Accounting Standards Board (IASB) is proposing a new accounting standard that would require companies subject to rate regulation to give investors better information about their financial performance

29 Jan 2021