Advisory

Title Description
The transition to ‘new’ UK GAAP — Key decisions to be made by 1 January 2014 This publication from Deloitte discusses some key considerations that management may wish to consider in transitioning to 'new' UK GAAP.
Image Pascal source code The transition to ‘new’ UK GAAP — Key decisions to be made by 1 January 2014
Image The transition to ‘new’ UK GAAP — Key decisions to be made by 1 January 2014
The UK’s withdrawal from the European Union Under the European Union (Withdrawal) Act 2018, the UK ceased to be a member of the EU on 31 January 2020 ('exit day'). Under the withdrawal agreement, enacted in UK law by the European Union (Withdrawal Agreement) Act 2020 (WAA 2020), ), this was followed by an implementation period (IP), which ended on 'IP completion day', defined as 31 December 2020 at 11.00 p.m. UK time.
The Value Reporting Foundation publishes The Transition to integrated thinking: a guide to getting started The Value Reporting Foundation (VRF), recently consolidated into the IFRS Foundation, has published a new guide which seeks to assist senior leadership and those charged with governance in an organisation on their journeys towards embedding integrated thinking.
Thinking Allowed
Thinking Allowed Our 'Thinking Allowed' publications are a regular series that provides insights into everyday matters that affect those preparing general purpose financial reports as well as commenting on broader financial reporting issues.
Thinking allowed — Climate-related disclosure This publication looks at some of the issues involved and how companies and audit committees might respond to the challenges, drawing on a report issued by the FSB Task Force on Climate-related Financial Disclosure, to integrate the implications of climate change in their corporate reporting effectively.
Image Thinking allowed — Climate-related disclosure
Thinking allowed — Cryptocurrency: Financial reporting implications Cryptocurrencies have attracted the attention of many. From individuals who are interested in Blockchain and related processing activities or who want to invest in them, to retailers, corporate investors and investment funds, securities regulators, the banking sector, the accounting profession and Governments. The idea of a virtual currency that has no links to a jurisdiction and that exists in a public network, maintained on computers operated by a myriad of individuals, was not something that was anticipated when the International Accounting Standards Board (IASB) developed its current set of financial reporting requirements. In this paper we make some observations about cryptocurrencies and the current accounting requirements for those issuing, acquiring or holding cryptocurrency.
Image Thinking allowed — Cryptocurrency: Financial reporting implications
Thinking Allowed — IBOR replacement This publication provides a brief status update on interbank offered rate (IBOR) replacement in some different jurisdictions but primarily focuses on some of the potential accounting consequences of the proposed IBOR replacement under IFRS Standards.
Image chemical/x-pdb Thinking Allowed — IBOR replacement
Thinking Allowed — Materiality The first paper in our new 'Thinking Allowed' series focuses on materiality. Those responsible for preparing, or approving for release, a general purpose financial report need to make judgements about what information to include in the report and how to present it. This publication is designed to help those with this responsibility.
Thinking Allowed — New publication series Deloitte has launched a new publication that focuses on financial reporting matters. 'Thinking Allowed' will be a regular series that provides insights into everyday matters that affect those preparing general purpose financial reports as well as commenting on broader financial reporting issues. The series editor is Alan Teixeira, the recently appointed Global Director of IFRS Research of Deloitte and former Senior Technical Director of the IASB.
Thinking allowed — Non-GAAP and Alternative performance measures Alternative performance measures (non-GAAP financial measures) have become the subject of increased focus by securities regulators and standard-setters. The regulators and standard-setters face a challenge. If their requirements are overly prescriptive they could actually reduce the usefulness of annual reports when their intention is to increase their credibility and usefulness. There are good reasons for companies to supplement GAAP information. The key is ensure that non-GAAP financial measures are part of good communication and do not undermine or confuse the GAAP information. In this publication we take a look at non-GAAP financial measures and the reasons companies feel compelled to report them, and challenge some of the common perceptions about them.
Image ECMAScript program Thinking allowed — Non-GAAP and Alternative performance measures
Thinking Allowed — The future of corporate reporting Some commentators and organisations are asking whether evolution in reporting requirements is enough, or whether it is time for a more fundamental rethink about corporate reporting, particularly our reliance on an annual report with annual financial statements. In this publication we set out our view of the future of corporate reporting.
Image Thinking Allowed — The future of corporate reporting
Thinking Allowed — The new lease accounting This publication explains the new requirements and gives you some tools for assessing how your financial statements are likely to be affected. It identifies the areas where accounting judgement will be required—mainly around identifying whether you have a lease or a service agreement, or both; renewal options; and determining the discount rate, particularly on property leases.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.