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All you need on UK Accounting, Reporting & Corporate Governance
  • IIRC (International Integrated Reporting Committee) (green) Image
  • IIRC publishes revised Framework

    19 Jan 2021

    The International Integrated Reporting Council (IIRC) has published revisions to the International <IR> Framework, originally released in 2013, to enable more decision-useful reporting.

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  • IASB announces webinar on discussion paper on business combinations under common control

    18 Jan 2021

    On 30 November 2020, the International Accounting Standards Board (IASB) published a discussion paper DP/2020/2 'Business Combinations under Common Control'. The IASB has now announced a live webinar that will provide an overview of the discussion paper, explain the Board’s preliminary views and give the viewers an opportunity to ask questions.

  • IPSASB (International Public Sector Accounting Standards Board) (mid gray) Image
  • IPSASB consultation documents on leases

    18 Jan 2021

    The International Public Sector Accounting Standards Board (IPSASB) has released an exposure draft on leases and a request for information on concessionary leases and other arrangements similar to leases.

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  • Deloitte launches enhanced IFRS e-learning website

    15 Jan 2021

    We are pleased to announce a major redesign to our IFRS e-learning platform. The site allows external users to complete over 40 of Deloitte’s IFRS e-learnings free of charge with 6 million+ uses in recent years.

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  • Educational material on going concern requirements

    13 Jan 2021

    The IFRS Foundation has issued educational material, 'Going concern — a focus on disclosure', which intends to supports companies in its implementation of the requirements related to the preparation of financial statements using IFRS Standards on a going concern basis.

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  • IFRS on Point — December 2020 Image
  • IFRS on Point — December 2020

    published 18 Jan 2021

    'IFRS on Point' highlights critical financial reporting developments. It provides a great way to catch up on the main IFRS-related news stories of the previous month.

  • EFRAG endorsement status report 14 January 2021 Image
  • EFRAG endorsement status report 14 January 2021

    published 14 Jan 2021

    The endorsement status report has been updated to reflect that the European Union has formally adopted 'Interest Rate Benchmark Reform — Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)' published by the IASB in August 2020.

  • Deloitte comment letter on discussion paper on goodwill Image
  • Deloitte comment letter on discussion paper on goodwill

    published 21 Dec 2020

    We support the Board’s initiative to assess whether information provided to investors on business combinations can be improved, including by setting clearer disclosure objectives. However, we are not convinced that the proposals in the discussion paper would result in disclosures that provide more useful information to users of the financial statements. Also, we do not support the preliminary view of the Board not to reintroduce amortisation of goodwill. Finally, without the reintroduction of goodwill amortisation, we strongly diagree with the proposal to remove the requirement to perform a quantitative impairment test every year.

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  • EFRAG endorsement status report 16 December 2020

    published 16 Dec 2020

    The endorsement status report has been updated to reflect that the European Union has formally adopted 'Extension of the Temporary Exemption from Applying IFRS 9 (Amendments to IFRS 4)' published by the IASB in June 2020.

  • Governance in focus — Audit Committee effectiveness – 2020 framework Image
  • Governance in focus — Audit Committee effectiveness – 2020 framework

    published 15 Dec 2020

    The work of the audit committee has never been more important: investors, other stakeholders and regulators demand ever more informative and reliable reporting, not just of the results and financial position, but of strategy, resilience, long term value creation, of values, of a company’s role in climate change, not to mention the community and the whole public interest agenda. This 2020 edition of Deloitte’s Audit Committee Effectiveness Framework both reflects current expectations and addresses the likely direction of travel to emerge from the 2021 consultations on corporate reporting and audit reform.

  • Accounting Roundup - Closing Out 2019 Image
  • Accounting Roundup - Closing Out 2020

    published 10 Dec 2020

    Closing Out 2020 discusses the significant corporate reporting issues relevant to 31 December 2020 annual reports, covering areas of regulatory focus identified in the FRC's annual review of corporate reporting 2019/20, issues arising from the COVID-19 pandemic and the current economic environment and developments in reporting standards and areas of investor interest.

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