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All you need on UK Accounting, Reporting & Corporate Governance
  • IFAC (International Federation of Accountants) (lt gray) Image
  • IFAC publishes call to action on climate change

    12 Dec 2019

    The International Federation of Accountants (IFAC) has published a ‘Points of view’ document calling on action from various stakeholders with respect to climate change highlighting that they should all “embrace climate action and be part of the solution”.

  • Accounting Roundup - Closing Out 2018 Image
  • Closing Out 2019

    10 Dec 2019

    Welcome to our one-stop guide covering the issues relevant to the preparation of December 2019 annual reports.

  • IASB speeches (blue) Image
  • IASB Vice-Chair speaks at annual AICPA conference

    10 Dec 2019

    At the 2019 AICPA Conference on Current SEC and PCAOB Developments, which is currently being held in Washington, IASB Vice-Chair Sue Llyod spoke about the IASB's primary financial statements project, the linkage between financial and non-financial reporting in the IASB's management commentary project, and consistent application of IFRSs.

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • EFRAG explains how comments on its draft IFRS 17 comment letter were considered in finalising the letter

    09 Dec 2019

    The European Financial Reporting Advisory Group (EFRAG) published its final comment letter on the IASB exposure draft ED/2019/4 ‘Amendments to IFRS 17' in September 2019. EFRAG has now released a feedback statement summarising comments received on the draft comment letter and explaining how those comments were considered by EFRAG during its technical discussions leading to the publication of the final comment letter.

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  • A closer look — Climate change Image
  • A closer look — Climate change

    published 12 Dec 2019

    A growing number of scientific projections detail not only potential average increases in global temperatures, but also the consequences, such as rising sea levels and more frequent extreme weather events. Economic forecasts are also increasingly reflecting these impacts, including related factors such as carbon pricing initiatives and changing demand for fossil fuels and renewable energy. It is critical to recognise that the past is no longer a predictor of the future. As a result, investors, regulators and other business stakeholders are increasingly demanding better disclosures on climate change matters and challenging companies that are not factoring the effects of climate change into their critical accounting judgements. This Closer Look publication provides an overview of investor and regulatory focus, and explores a framework for companies to use in responding to climate-related matters, including areas in the financial statements and in narrative reporting that might be affected. It also signposts further guidance and resources.

  • EFRAG endorsement status report 11 December 2019  Image
  • EFRAG endorsement status report 11 December 2019

    published 11 Dec 2019

    The endorsement status report has been updated to reflect that the European Commission has published a Commission Regulation endorsing the IASB's finalised pronouncement, 'Definition of Material — Amendments to IAS 1 (Presentation of Financial Statements) and IAS 8 (Accounting Policies, Changes in Accounting Estimates and Errors)'.

  • IFRS on Point — November 2019  Image
  • IFRS on Point — November 2019

    published 10 Dec 2019

    '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.

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

    published 10 Dec 2019

    Closing Out 2019 discusses the significant corporate reporting issues relevant to 31 December 2019 annual reports, covering areas of regulatory focus identified in the FRC’s Annual Review of Corporate Reporting 2018/2019 and the ESMA’s common enforcement priorities for issuers in the European Union, together with other developments in reporting standards and areas of investor interest.

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  • EFRAG endorsement status report 9 December 2019

    published 09 Dec 2019

    The endorsement status report has been updated to reflect that the European Union has formally adopted 'Amendments to References to the Conceptual Framework in IFRS Standards'.

  • Governance in focus — On the board agenda 2020 Image
  • Governance in focus — On the board agenda 2020

    published 05 Dec 2019

    As 2019 draws to a close, our annual review of board topics will stimulate your thinking and help prepare you for the year ahead. After pieces on the economic outlook, the Nine Big Shifts and the “Social Enterprise”, we pull together, in one place, a series of articles reviewing many topics on the board agenda across four key themes – responsible business, risk & internal controls, remuneration and year-end reporting & assurance. Our annual review is, once again, a full read as there is much to consider.

  • Corporate Governance Disclosure Checklist (For periods commencing on or after 1 January 2019)  Image
  • Corporate Governance Disclosure Checklist (For periods commencing on or after 1 January 2019)

    published 05 Dec 2019

    This checklist produced by Deloitte (UK) sets out the key disclosure requirements under the Listing Rules, the Disclosure Guidelines and Transparency Rules on audit committees and corporate governance statements, the 2018 UK Corporate Governance Code, the Guidance on Risk Management and Internal Control and Related Financial and Business Reporting, the 2016 version of the Guidance on Audit Committees, the 2018 version of the Guidance on Board Effectiveness and the Statutory Audit Services for Large Companies Market Investigation (Mandatory Use of Competitive Tender Processes and Audit Committee Responsibilities) Order 2014.

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  • Deloitte e-learning — IFRS 3

    published 05 Dec 2019

    This Deloitte e-learning module provides training in the background, scope and principles under IFRS 3 'Business Combinations', and the application of this Standard. Topics covered include the definition of a business combination, amounts included in consideration transferred, recognition and measurement principles, and accounting for goodwill.

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  • Deloitte e-learning — IAS 40

    published 05 Dec 2019

    This Deloitte e-learning module provides training in the background, scope and principles under IAS 40 'Investment Property', and the application of this Standard. Topics covered include the identification of investment property, measuring investment property at fair value, changes in classification, and accounting for investment property disposals.

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