All you need on UK Accounting, Reporting & Corporate Governance
  • IASB (International Accounting Standards Board) (blue) Image

  • IASB calls for academic contributions to 2025 Research Forum

    06 Jun, 2024

    The IASB has announced a call for paper for its 2025 IASB Research Forum, set to convene at the University of Paderborn in Germany on 6–7 November 2025. This event, held in conjunction with the academic journal 'Accounting Horizons', provides a significant platform for scholars to contribute to the disclourse on contemporary issues in accounting.

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  • June 2024 ISSB meeting agenda posted

    03 Jun, 2024

    The International Sustainability Standards Board (ISSB) has posted the agenda for its meeting, which will be held in a hybrid format (virtual and in Frankfurt) on 12 June 2024. The ISSB will be discussing the enhancement of the Sustainability Accounting Standards Board (SASB) standards.

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  • May 2024 IASB meeting notes posted

    30 May, 2024

    The IASB met in London on 20 and 22 May 2024. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • IASB finalises amendments regarding the classification and measurement of financial instruments

    30 May, 2024

    The International Accounting Standards Board (IASB) has issued 'Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)' to address matters identified during the post-implementation review of the classification and measurement requirements of IFRS 9 'Financial Instruments'. The amendments are effective for reporting periods beginning on or after 1 January 2026.

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  • IASB issues podcast on latest Board developments (May 2024)

    29 May, 2024

    The IASB has released a podcast hosted by Executive Technical Director Nili Shah featuring IASB Vice-Chair Linda Mezon-Hutter and IASB Member Nick Anderson discussing the deliberations held during the May 2024 IASB meeting.

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    ISSB (International Sustainability Standards Board) (blue) Image

  • Updated IASB and ISSB work plan — Analysis (May 2024)

    28 May, 2024

    Following the IASB and ISSB meetings this month, we have analysed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in April 2024. Several pronouncements and consultation documents have been published or will be published shortly.

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  • Major economies advance towards unified sustainability standards

    28 May, 2024

    During the IOSCO annual meeting in Athens, the IFRS Foundation unveiled its inaugural Jurisdiction Guide to assist regulators in implementing the ISSB Standards. The guide aims to help jurisdictions navigate their adoption or alignment processes, ensuring consistent and comparable sustainability-related disclosures across markets.

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  • EFRAG and IASB educational sessions on IFRS 18

    27 May, 2024

    EFRAG and the IASB are offering two educational sessions on IFRS 18 'Presentation and Disclosure in Financial Statements'. The interactive webinars will introduce the main requirements and focus on certain requirements set out in the standard. Beside gaining a better understanding of the new requirements, the aim is to identify the resulting practical challenges.

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  • EFRAG publishes May 2024 issue of EFRAG Update

    07 Jun, 2024

    EFRAG (formerly the European Financial Reporting Advisory Group) has published an ‘EFRAG Update’ summarising public technical discussions held and decisions made during May 2024.

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  • Meeting summary of the May 2024 MCCG meeting

    06 Jun, 2024

    The IASB's Management Commentary Consultative Group (MCCG) met on 21 May 2024 via video conference. A summary of the discussions at the meeting is now available.

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  • Updated IPSAS-IFRS alignment dashboard (June 2024)

    05 Jun, 2024

    The International Public Sector Accounting Standards Board (IPSASB), which develops the International Public Sector Accounting Standards (IPSAS) for financial reporting by governments and other public sector entities, has released an updated IPSAS-IFRS alignment dashboard showing how far individual IPSAS are aligned with corresponding IFRSs.

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  • Agenda for the June 2024 SSAF meeting

    04 Jun, 2024

    The IFRS Foundation has released an agenda and meeting papers for the meeting of the Sustainability Standards Advisory Forum (SSAF), which is to be held via remote participation on 11 June 2024.

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    GPF meeting (mid blue) Image

  • Agenda for June 2024 joint CMAC-GPF meeting

    03 Jun, 2024

    Representatives from the International Accounting Standards Board (IASB) will meet with both the Capital Markets Advisory Council (CMAC) and Global Preparers Forum (GPF) in a hybrid conference on 13–14 June 2024. The agenda for the joint meeting has been released.

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  • EFRAG finalises implementation guidance for ESRS

    03 Jun, 2024

    EFRAG has published three non-authoritative implementation guidance documents on European Sustainability Reporting Standards (ESRS): EFRAG IG 1 ‘Materiality Assessment’, EFRAG IG 2 ‘Value Chain’ and EFRAG IG 3 ‘ESRS Datapoints’.

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  • Agenda for the June 2024 TIG meeting

    31 May, 2024

    The IFRS Foundation has released an agenda and meeting papers for the meeting of the Transition Implementation Group on IFRS S1 and IFRS S2 (TIG), which will be held via video conference call on 13 June 2024.

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  • EFRAG endorsement status report 31 May 2024

    published 31 May, 2024

    The endorsement status report has been updated to reflect that the IASB has issued 'Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)'.

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  • EFRAG endorsement status report 27 May 2024

    published 27 May, 2024

    The endorsement status report has been updated to now also reflect that the IASB has issued IFRS 19 'Subsidiaries without Public Accountability: Disclosures'. However, a footnote indicates that EFRAG has yet to receive the request for endorsement advice from the European Commission.

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  • Corporate Reporting Insights — Diversity and Inclusion: Are companies achieving the targets in the new Listing Rule?

    published 26 May, 2024

    Society is demanding progress on many social issues and expects businesses to reflect this. Regulators are responding, setting out expectations for greater transparency. One of these key issues is diversity and inclusion, where the Financial Conduct Authority (FCA) recently introduced a requirement for listed companies to provide disclosures on board and executive management diversity. The disclosures were mandatory for the first time for December reporters for their 2023 annual reports. So, how are companies measuring up to society’s and the regulator’s expectations? Explore our new Corporate Reporting Insights (CRI) report on Diversity and Inclusion to find out.

  • Governance in focus — Risk, controls and assurance: a framework for the new material controls declaration Image

  • Governance in focus — Risk, controls and assurance: a framework for the new material controls declaration

    published 22 May, 2024

    On 22 January 2024, the Financial Reporting Council (FRC) issued the much anticipated updated UK Corporate Governance Code (“the Code”) following a consultation last year as part of the ‘Restoring trust in audit and corporate governance’ reform package. With the ultimate aim of strengthening board accountability for the effectiveness of the risk and internal control framework, under the revised Provision 29, boards will be required to provide a declaration of effectiveness of the material controls as at the balance sheet date for accounting periods commencing on or after 1 January 2026.

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  • Need to know — Amendments to FRS 102 - Periodic review 2024

    published 22 May, 2024

    This 'Need to know' outlines the amendments to FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and to other UK financial reporting standards, published by the Financial Reporting Council (FRC) in March 2024 as part of its periodic review of the UK financial reporting framework.

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  • EFRAG endorsement status report 17 May 2024

    published 17 May, 2024

    The endorsement status report has been updated to reflect that European Union has endorsed 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' issued by the IASB in May 2023.

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  • IFRS on Point — April 2024

    published 07 May, 2024

    'IFRS on Point' highlights critical financial and sustainability reporting developments and main IFRS-related news stories of the previous month.

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  • Need to know — FRC amends FRS 102 to address supplier finance arrangements

    published 26 Apr, 2024

    This Need to know outlines the amendments to FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' in relation to Section 7 'Statement of Cash Flows', published by the Financial Reporting Council (FRC) in March 2024 to introduce disclosure requirements regarding supplier finance arrangements.

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    • ISSB Meeting — 12 June 2024

      Start: 12 Jun, 2024 - End: 12 Jun, 2024

      The ISSB will meet in a hybrid format (virtual and in Frankfurt) on 12 June 2024.

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