Closing Out is a one stop guide covering key corporate reporting issues to be aware of when approaching year-end and interim reporting.

Topics covered include:

• accounting and reporting issues arising from the ongoing uncertain macroeconomic and geopolitical environment including the continuing impacts of climate change, higher interest rates and inflation, energy security concerns, cyberattacks, Russia-Ukraine and other international conflicts and tensions;
• climate-related financial disclosure requirements including reporting against the Task Force on Climate-related Financial Disclosure (TCFD) recommendations for listed companies; and
• areas of regulatory focus identified in the Financial Reporting Council's (FRC's) annual review of corporate reporting 2022/23 including impairment of assets, cash flow statements and judgements and estimates.

Closing Out covers all these areas and more, providing an invaluable guide to the issues affecting today’s corporate reporting.

Last updated: October 2024. This update, designed to help September period-end reporters, reflects recent developments in sustainability reporting including the IASB’s ED Climate-related and Other Uncertainties in the Financial Statements—Proposed illustrative examples added and the EC’s FAQs on sustainability reporting requirements under the CSRD and EU Taxonomy, and the findings of the FRC’s recent thematic reviews on offsetting and IFRS 17. The findings and expectations of the FRC’s recently published Annual Review of Corporate Reporting are not reflected in this update and will be addressed in the next update.

Download