The Treasury is consulting on revisions to the government financial reporting manual (FReM) to improve the quality and transparency of public sector annual reports

The key accounting deadline is 30 September for annual returns for private companies for periods ending 31 December 2018, and for public companies with periods ending 31 March 2019 to be filed at Companies House, while December marks year end reporting for academy school trusts

The European Financial Reporting Advisory Group (EFRAG) is seeking input from crypto-assets experts, as part of a research project looking to address current gaps in accounting standards

There is to be a major overhaul of the way the charity accounting rules under the Charity SORP framework are developed with a new, smaller SORP committee, following a highly critical government review

This month’s roundup of accounting stories includes accounting errors at Renolds and Eddie Stobart Logistics, Goals ex-CFO faces questions, Companies House updates, a university launches an app to translate financial reports, and consultations over insurance contracts, lease accounting, investment property and valuations

The International Public Sector Accounting Standards Board (IPSASB) is consulting on amendments to IPSAS 41, Financial Instruments to clarify how to account for a number of important categories of financial instruments that are specific to the public sector

The Financial Reporting Council (FRC) has released a draft of its proposed responses to IASB’s pre-implementation consultation on complex amendments to IFRS 17 Insurance Contracts even before the standard has been released

The US Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) that would grant private companies, not-for-profit organisations, and certain small public companies additional time to implement the new standard on leases, current expected credit losses (CECL) and hedging

The Financial Accounting Standards Board (FASB) is considering deferring the implementation date for the new lease accounting standard by a year for private companies and non-profits in the US

The International Valuation Standards Council (IVSC) is consulting on how to modify and enhance its standard for the valuation of financial instruments, given current concerns around inconsistencies and poor quality in international standards

This month’s accounting and audit consultations from the International Accounting Standards Board (IASB) and Financial Reporting Council (FRC) include narrow-scope amendments to tax treatments and disclosure policy under IAS 1, IFRS annual improvements and carbon reporting taxonomy

The Financial Reporting Council is consulting on an additional taxonomy to reflect the new reporting requirements for energy and carbon data introduced on 1 April 2019