Advisory

Title Description
We comment on the FRC's consultation - Draft amendments to Guidance on the Strategic Report - Non-financial reporting We have published our comment letter on the Financial Reporting Council's (FRC's) consultation on amendments to its Guidance on the Strategic Report.
We comment on the FRC's Conduct Committee operating procedures consultation We have published our comment letter on the UK Financial Reporting Council's proposals to amend the operating procedures of its Conduct Committee with respect to reviewing corporate reporting. We believe that in the proposals are an appropriate response to the challenges faced by the financial reporting community in restoring trust in corporate reporting following the financial crisis.
We comment on the FRC's discussion paper on the future of corporate reporting We have published our comment letter on the Financial Reporting Council's (FRC’s) discussion paper, ‘A matter of principles: The future of corporate reporting’ (“the Paper").
Image We comment on the FRC's discussion paper on the future of corporate reporting
We comment on the FRC's Exposure Draft: Guidance on the Strategic Report We have published our comment letter on the Financial Reporting Council's (FRC) Exposure Draft: Guidance on the Strategic Report, which sets out detailed guidance for companies preparing a strategic report in compliance with the revised narrative reporting regulations issued by the United Kingdom Department for Business, Innovation and Skills (BIS). These are effective for periods ending on or after 30 September 2013. We support the FRC's proposed guidance but also highlight a number of ways in which it can be improved.
We comment on the FRC's FRED 53 Draft Amendments to FRS 101 We have published our comment letter on the Financial Reporting Council’s (FRC) Exposure Draft of updates to FRS 101 in the light of recent amendments and changes to EU-adopted IFRS (FRED 53). We agree with the majority of the proposals in FRED 53, although we do not support the proposed amendments in relation to IFRS 10 because we believe that they are unnecessary.
We comment on the FRC's FRED 54 Draft Amendments to FRS 102 We have published our comment letter on the Financial Reporting Council’s (FRC's) Exposure Draft of changes to Financial Reporting Standard (FRS) 102 in order to allow a wider range of debt instruments to be measured at amortised cost (FRED 54). Overall, we support the FRC's proposals.
We comment on the FRC's XBRL accounts taxonomies consultation We have published our comment letter on the Financial Reporting Council's (FRC’s) consultation on drafts of three proposed new XBRL accounts taxonomies to support XBRL reporting under new UK GAAP and EU-adopted IFRS (“the consultation”). Overall we welcome the FRC’s proposals.
We comment on the FRC’s draft plan and budget and levy proposals 2014/15 We have published our comment letter on the Financial Reporting Council’s (FRC's) draft plan and budget and levy proposals 2014/15. We support the FRC’s publication of its draft plan and budget and levy proposals and welcome the opportunity to comment.
We comment on the Government’s consultation on charities’ audit and independent examination We have published our comment letter on the Government’s consultation on increasing the audit exemption threshold for charities and widening the range of bodies whose members can carry out independent examinations.
Image We comment on the Government’s consultation on charities’ audit and independent examination
We comment on the GSSB’s draft work programme We have commented on the draft Global Sustainability Standards Board (GSSB) 'Work Program 2023-2025' and the 'Project Schedule 2023'.
We comment on the IASB agenda consultation We have responded to Request for Views document that the IASB published in August 2015 to launch its second public consultation to seek broad public input on the strategic direction and overall balance of its future work programme.
We comment on the IASB discussion paper on rate regulation We have published our comment letter on the International Accounting Standards Board's (IASB) Discussion Paper DP/2014/2 'Reporting the Financial Effects of Rate Regulation'.
We comment on the IASB discussion paper on macro hedging We have published our comment letter on the IASB’s Discussion Paper DP 2014/1 'Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging'.
We comment on the IASB's annual improvements to IFRSs 2014-2016 cycle ED We have responded to the IASB's Exposure Draft, "Annual Improvements to IFRSs 2014-2016 Cycle" that was IASB published in November 2015 and makes proposes amendments to three IFRSs.
We comment on the IASB's discussion paper on financial instruments with characteristics of equity We have responded to the IASB's discussion paper 'Financial Instruments with Characteristics of Equity' that was published in June 2018.
We comment on the IASB's financial asset impairment proposals We have published our comment letter on the International Accounting Standards Board’s Exposure Draft, ED/2013/3 'Financial Instruments: Expected Credit Losses'. We support the Board's efforts to improve the accounting for recognition of credit losses on financial assets by addressing the weaknesses in the existing incurred loss model that were observed during the global financial crisis. We agree with the Board’s objective of recognising and measuring credit losses of financial assets on the basis of an entity’s current expectations about the collectability of contractual cash flows. However, we have a number of concerns about the proposed impairment model and suggest an alternate approach using an absolute assessment of credit quality which would avoid accounting anomalies when similar economics of financial assets are measured differently.
We comment on the IASB's management commentary proposal Deloitte has commented on the exposure draft 'Management Commentary' published by the IASB in May 2021.
We comment on the IASB's post-implementation review of IFRS 10, IFRS 11, and IFRS 12 We have responded to the IASB's post-implementation review IFRS 10 ‘Consolidated Financial Statements’, IFRS 11 ‘Joint Arrangements’, IFRS 12 ‘Disclosure of Interests in Other Entities’.

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