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: April 2024. This update, designed to help March period-end reporters, includes information on the outcome of the UK government’s non-financial reporting review, the new UK Corporate Governance Code, the FRC’s thematic review on large private companies and the FRC’s amendments to FRS 102 arising from its most recent periodic review of the standard.

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