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• BEIS proposes shortening accounts filing deadlines by three months, changing small and micro exemptions and improving the financial information which is filed with Companies House

• 16 Dec 2020

• The Department for Business, Energy and Industrial Strategy (BEIS) has published a consultation on improving the financial information which is filed with Companies House.

• FRC and BEIS letters on accounting and reporting from 1 January 2021

• 27 Nov 2020

• The Department for Business, Energy and Industrial Strategy (BEIS) and the Financial Reporting Council (FRC) have jointly published updated letters to audit firms and companies setting out changes to the UK’s corporate reporting framework after the end of the transition period on 31 December 2020. The changes are particularly relevant for UK incorporated companies, multinational groups with a UK and EEA presence and UK and EEA companies with cross-border listings.

• UK to make TCFD aligned disclosures mandatory by 2025

• 12 Nov 2020

• The Chancellor, Rishi Sunak, has announced the intention to make Task Force on Climate-related Financial Disclosures (TCFD) aligned disclosures fully mandatory across the economy by 2025. This marks an important step in establishing consistent global climate and sustainability reporting standards.

• Government introduces Corporate Insolvency and Governance Bill

• 03 Jun 2020

• The Government has introduced the Corporate Insolvency and Governance Bill in Parliament.

• FRC and BEIS publish revised Brexit accounting and audit letters

• 14 Feb 2020

• The Financial Reporting Council (FRC) and the Department for Business, Energy and Industrial Strategy (BEIS) have jointly published revised letters for auditors and accountants with information regarding auditing, accounting and corporate reporting standards during the transition period following the UK’s exit from the EU on 31 January 2020.

• The Hampton-Alexander Review publishes its 2019 Report

• 15 Nov 2019

• The Hampton-Alexander Review is an independent, business-led initiative supported by Government and is the successor to the five-year Davies Review into Women on Boards. Its initial report, published in November 2016, set a five key recommendations aimed at increasing the number of women in leadership positions of FTSE 350 companies

• FRC plan and budget highlights key areas of focus for 2019/20

• 23 May 2019

• The Financial Reporting Council (FRC) has published its Plan and Budget for 2019/20, which sets out its priorities for 2019/20.

• Independent Review calls for views into the quality and effectiveness of audit.

• 18 Apr 2019

• The Independent Review by Sir Donald Brydon, which seeks to examine the existing purpose, scope and quality of statutory audit in the UK, is seeking views, supported by evidence where possible, on the extent of assurance that statutory audit in the UK currently provides to the users of financial statements, and how it might develop to meet better those users’ needs to serve the interests of other stakeholders and the wider public interest.

• BEIS Select Committee publishes "The Future of Audit" report

• 04 Apr 2019

• The Department for Business, Energy and Industrial Strategy (BEIS) Select Committee has published its "Future of Audit" report. The report looks into reforming the UK audit market.

• FRC draft plan and budget highlights key areas of focus for 2019/20

• 29 Mar 2019

• The Financial Reporting Council (FRC) has published its draft Plan and Budget for 2019/20, which sets out its priorities for 2019/20.

• Government issues consultation on recommendations made by the Independent Review of the Financial Reporting Council

• 14 Mar 2019

• The Department for Business, Energy and Industrial Strategy (BEIS) has issued a consultation to seek views on the recommendations made by the Independent Review of the Financial Reporting Council (FRC) to create a new regulator responsible for audit, corporate reporting and corporate governance.

• FRC and BEIS publish ‘no deal’ Brexit accounting and audit letters

• 22 Feb 2019

• The Financial Reporting Council (FRC) and the Department for Business, Energy and Industrial Strategy (BEIS) have published letters for auditors and accountants to share information in case there is no deal for leaving the EU by 29 March 2019.

• Environmental reporting guidelines published

• 04 Feb 2019

• Guidance to help companies comply with the Streamlined Energy and Carbon Reporting regulations, including greenhouse gas (GHG) reporting have been published.

• New Code launched for corporate governance of large private companies

• 14 Dec 2018

• A new code for the corporate governance of large private companies has been launched.

• UK government publishes a "no deal technical notice" on accounting and audit

• 17 Oct 2018

• The government has published a “no deal technical notice” on accounting and audit, setting out changes to the UK’s corporate reporting and audit frameworks if there is no deal between the UK and the EU over the terms of the UK’s exit from the European Union on 29 March 2019. It does not provide details of the frameworks if a deal is reached, which would apply after the end of an implementation period on 31 December 2020 – during that period existing laws and regulations would apply.

• BEIS launches consultation on ethnicity pay reporting

• 12 Oct 2018

• The Department for Business, Energy and Industrial Strategy (BEIS) has published a consultation on ethnicity pay reporting by employers.

• New company reporting requirements for private and public companies approved by Parliament

• 26 Jul 2018

• The Companies (Miscellaneous reporting) Regulations 2018 have been approved by Parliament.

• UK Government publishes response to its consultation on a streamlined approach to energy and carbon reporting

• 24 Jul 2018

• The Department for Business, Energy and Industrial Strategy (BEIS) has published a response to its consultation which proposed a “streamlined and more effective energy and carbon reporting framework” for the UK.

• BEIS issues legislation to deliver key corporate governance reforms on pay and stakeholder engagement

• 11 Jun 2018

• The Companies (Miscellaneous Reporting) Regulations 2018 have been laid before Parliament. These represent the legislative strand of the Government’s package of corporate governance reforms announced by BEIS in August 2017.

• BEIS consults on reforming limited partnership law

• 30 Apr 2018

• The Department for Business, Energy and Industrial Strategy (BEIS) has published a consultation on new proposals to strengthen and update the legal framework governing Limited Partnerships.

• Independent report explores how TCFD recommendations should be implemented in the UK

• 06 Apr 2018

• In September 2017, the government asked Sir Roger Gifford to chair an independent taskforce (“the Green Finance Taskforce”) to accelerate growth of green finance and the UK’s low carbon economy. The Green Finance Taskforce has now produced a report that sets out a series of recommendations on how the government and the private sector can work together to make green finance and integral part of the UK’s financial services.

• FRC to delay finalisation of Strategic Report guidance

• 04 Dec 2017

• The Financial Reporting Council (FRC) has today announced that it is to delay the publication of its amended Guidance on the Strategic Report (“the Guidance”) until after the government has announced its legislative changes in respect of reporting on section 172.

• We comment on the FRC's consultation - Draft amendments to Guidance on the Strategic Report - Non-financial reporting

• 23 Oct 2017

• We have published our comment letter on the Financial Reporting Council's (FRC's) consultation on amendments to its Guidance on the Strategic Report.

• UK government consults on a streamlined approach to energy and carbon reporting

• 16 Oct 2017

• The Department for Business, Energy and Industrial Strategy (BEIS) has published a consultation which proposes a “streamlined and more effective energy and carbon reporting framework” for the UK.

• November 2017 meeting of the ICAEW FRDG

• 11 Oct 2017

• The next meeting of the Institute of Chartered Accountants in England and Wales (ICAEW) Financial Reporting Discussion Group (FRDG) will be held on 8 November 2017 in London.