Consultations

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

IFRS

Consultations

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

Accounting

UK GAAP

Consultations

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

IFRS

Consultations

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

Accounting

Financial reporting

Consultations

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

Accounting

Consultations

Accounting | Consultation on changes to UK investment firm regulation

The Financial Conduct Authority (FCA) has published its first consultation on a new prudential regime for UK investment firms, which includes significantly enhanced capital requirements

15 Dec 2020

Accounting | BEIS consults on major Companies House overhaul

The Department for Business, Energy and Industrial Strategy (BEIS) has launched three consultations on reforms to Companies House, designed to improve the integrity of the information available about companies and strengthen its ability to tackle fraud

10 Dec 2020

Accounting | FRC consults on property and plant exemption in FRS 101

The Financial Reporting Council (FRC) is consulting on minor amendments to FRS 101 Reduced Disclosure Framework as part of the 2020/21 review cycle to keep it in line with IFRS

2 Dec 2020

Accounting | IASB set to amend IFRS 3 for M&As under common control

The International Accounting Standards Board (IASB) is consulting on possible new accounting requirements under current IFRS 3 standard for mergers and acquisitions involving companies within the same group

1 Dec 2020

Accounting | IFRS Foundation consults on sustainability standards development

The IFRS Foundation trustees are exploring whether, and how, the global accounting standards body might become involved in developing global sustainability standards, given the heightened focus on environmental, social and governance (ESG) matters worldwide

1 Oct 2020

Accounting | Social distancing increases drive to digital AML

With face-to-face meetings not an option currently, accountants need to look at other ways to verify client identities under money laundering regulations, says SmartSearch’s Martin Cheek

21 Jul 2020

Accounting | IASB consults on IFRS 9 amendments related to IBOR reforms

The International Accounting Standards Board (IASB) is planning to amend three key accounting standards - IFRS 9 Financial Instruments, IFRS 16 Leases and the not yet issued IFRS 17 Insurance Contracts - as a result of proposed interbank lending rate (IBOR) reforms

9 Apr 2020

Accounting

IFRS

Consultations

Accounting | FCA focuses on climate change disclosures

The Financial Conduct Authority (FCA) is consulting on climate-related disclosure requirements for premium listed issuers

10 Mar 2020

Accounting | IPSASB consults on revenue and transfer expenses standards

The International Public Sector Accounting Standards Board (IPSASB) is consulting on three inter-connected exposure drafts which are intended to pioneer new approaches to accounting for some of the most significant transactions of public sector entities

27 Feb 2020