Advisory

Title Description
We comment on proposed revisions to the UK Corporate Governance Code We have published our comment letter on proposed revisions to the UK Corporate Governance Code published by the Financial Reporting Council (FRC) in December 2018.
We comment on revised guidance on impairment of social housing assets We have published our comment letter on the revised guidance relating to impairment of social housing assets published by the National Housing Federation’s (NHF) and the SORP Working Party. We are generally supportive of the revised guidance but have highlighted a number of areas that need to be addressed before a final Housing Statement of Recommended Practice (SORP) can be published.
We comment on seven IFRS Interpretations Committee tentative agenda decisions We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 1, IAS 7, IAS 41, IFRS 9, IFRS 15, and IFRS 16, as published in the June 2019 IFRIC Update.
We comment on seven IFRS Interpretations Committee tentative agenda decisions We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions on IAS 12, IAS 19, IAS 32, IAS 33, IAS 41, IFRS 1, and IFRS 9, as published in the March 2017 IFRIC Update.
We comment on six IFRS Interpretations Committee tentative agenda decisions We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 27, IAS 37, IFRS 9, IFRS 11, and IFRS 15, as published in the September 2018 IFRIC Update.
We comment on six IFRS Interpretations Committee tentative agenda decisions We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 23, IAS 38, IFRS 9, and IFRS 11, as published in the November 2018 IFRIC Update.
We comment on the amendments proposed under the IASB's annual improvements project (cycle 2015-2017) We have responded to the IASB's Exposure Draft 'Annual Improvements to IFRSs 2015–2017 Cycle' that was IASB published in January 2017 and makes proposes amendments to three IFRSs (IAS 12, IAS 23, IAS 28).
We comment on the Basel Committee’s expect credit losses consultative document We have published our comment letter on the Basel Committee on Banking Supervision’s consultative document, ‘Guidance on accounting for expected credit losses’.
We comment on the BEIS consultation on climate-related financial disclosures We have published our comment letter on the consultation issued by the Department for Business, Energy & Industrial Strategy (BEIS) on requiring mandatory climate-related financial disclosures by publicly quoted companies, large private companies and Limited Liability Partnerships (LLPs).
We comment on the BEIS consultation on corporate transparency and register reform We have published our comment letter on the Department for Business, Energy and Industrial Strategy (BEIS) consultation on corporate transparency and register reform.
We comment on the BEIS consultation on corporate transparency and register reform We have published our comment letter on the Department for Business, Energy and Industrial Strategy (BEIS) consultation on corporate transparency and register reform.
We comment on the BIS consultation on the UK implementation of the EU Non-Financial Reporting Directive We have published our comment letter on the Department for Business, Innovation and Skills (BIS) consultation on the UK implementation of the EU Non-Financial Reporting (NFR) Directive.
We comment on the BIS consultation on deregulatory changes for LLPs and qualifying partnerships as a result of the UK implementation of the EU Accounting Directive We have published our comment letter on the Department for Business, Innovation and Skills (BIS) consultation on deregulatory changes for LLPs and qualifying partnerships as a result of the UK implementation of the EU Accounting Directive.
We comment on the CIPFA/LASAAC consultation on accounting for schools in local authorities We have published our comment letter on the Chartered Institute of Public Finance and Accountancy (CIPFA) and the Local Authority (Scotland) Accounts Advisory Committee (LASAAC) consultation on accounting for schools in local authorities.
We comment on the CMA proposals for audit reform in the UK We have published our comment letter on the Competition and Markets Authority’s (CMA’s) consultation on the draft Statutory Audit Services for Large Companies Market Investigation (Mandatory use of competitive tender processes and Audit Committee responsibilities) Order 2014 ("the Order").
We comment on the comprehensive review of the IFRS for SMEs We have published our comment letter on the IASB’s Request for Information ‘Comprehensive Review of the IFRS for SMEs Standard’, which was published by the IASB on 28 January 2020.
We comment on the DBT non-financial reporting review call for evidence We have published our comment letter on the Department for Business and Trade’s (DBT’s) call for evidence on the UK’s non-financial reporting framework (“the call for evidence”).
We comment on the draft SORP 'Accounting by Limited Liability Partnerships' We have published our comment letter on the draft Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' (draft LLP SORP) published by the Consultative Committee of Accounting Bodies (CAAB). We agree that the draft LLP SORP overall provides useful guidance on the application of FRS 102 requirements to limited liability partnership accounting. However, we have raised a number of comments on some specific areas of LLP accounting covered by the draft SORP.
We comment on the equity method ED We have published our comment letter on the IASB’s Exposure Draft ED/2013/10 'Equity Method in Separate Financial Statements'. We agree with the proposal as a short-term measure but believe that certain modifications need to be made before finalising the amendments to address the issue raised by entities in certain jurisdictions that require the use of the equity method to account for its investments in subsidiaries, joint ventures and associates in preparing its separate financial statements. However, we do not agree with the consequential amendment to IAS 28.
We comment on the EU fitness check Deloitte has responded to the European Commission’s consultation document 'Fitness check on the EU framework for public reporting by companies'. While we support the Commission’s efforts and progress towards coherence, we note that we consider that the overall corporate reporting framework is broadly working well. For IFRS reporting entities we suggest that changes are not currently required to the IAS Regulation and stress the importance of the EU remaining globally influential.

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