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All you need on UK Accounting, Reporting & Corporate Governance
  • IASB meeting (blue) Image
  • April 2017 IASB meeting notes posted

    27 Apr 2017

    The IASB met at its offices in London on 24 and 27 April 2017. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

  • IASB speeches (blue) Image
  • IASB chair speaks on integrated reporting

    27 Apr 2017

    At the International Integrated Reporting Council’s (IIRC) council meeting, IASB chair Hans Hoogervorst discussed the IASB’s approach to wider corporate reporting landscape as well as the IASB’s conceptual framework and practice statement on management commentary related to integrated reporting.

  • ASAF (Accounting Standards Advisory Forum) (mid blue) Image
  • Summary of the March 2017 ASAF meeting now available

    26 Apr 2017

    The staff of the International Accounting Standards Board (IASB) have made available a summary of the discussions of the Accounting Standards Advisory Forum (ASAF) meeting held in London on 6 and 7 March 2017.

  • IASB (International Accounting Standards Board) (blue) Image
  • IASB video on loan loss accounting and financial stability

    25 Apr 2017

    The IASB has released a video on loan loss accounting requirements, financial stability, and the relationship between IFRS 9 and bank regulators’ capital requirements. The topics are discussed by IASB Vice-Chair Sue Lloyd as well as IASB members Stephen Cooper and Darrel Scott.

  • IFRS Foundation (blue) Image
  • IFRS Foundation Annual Report 2016

    25 Apr 2017

    The IFRS Foundation (IFRSF) has published its Annual Report for 2016, titled 'Better Communication in Financial Reporting'.

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  • Need to know — Financial reporting effects of the UK Apprenticeship Levy  Image
  • Need to know — Financial reporting effects of the UK Apprenticeship Levy

    published 25 Apr 2017

    The Government has committed to developing vocational skills, and to increasing the quantity and quality of apprenticeships with an aim of facilitating an additional three million apprenticeships in England by 2020. As part of this initiative, from 5 April 2017, employers in the UK with an annual pay bill exceeding £3 million are charged a levy of 0.5% of their ‘pay bill’ (defined as payments to employees subject to employer Class 1 (secondary) National Insurance Contributions) less a £15,000 annual allowance to be paid via the PAYE process. Both the £3 million threshold for payment of the levy and the £15,000 allowance are calculated on a combined basis for connected companies. Amounts paid via the levy can, together with amounts contributed by government, be used to fund approved training/assessment programmes. This Need to know publication discusses the financial reporting effects of the Apprenticeship Levy.

  • Need to know — Spotlight on key judgements and estimates disclosures Image
  • Need to know — Spotlight on key judgements and estimates disclosures

    published 20 Apr 2017

    This edition of 'Need to know' focuses on the requirements of IAS 1 'Presentation of Financial Statements' relating to the disclosure of key judgements management has made in the process of applying accounting policies and of assumptions and other sources of estimation uncertainty underlying amounts included in the accounts. These requirements are an area of investor focus and a common source of regulatory challenge.

  • IFRS on point — March 2017 Image
  • IFRS on point — March 2017

    published 10 Apr 2017

    IFRS on Point, published at the end of each month, highlights critical IFRS-related financial reporting developments.

  • EFRAG endorsement status report 6 April 2017 Image
  • EFRAG endorsement status report 6 April 2017

    published 06 Apr 2017

    This endorsement status report update reflects that EFRAG published final endorsement advice on IFRIC 22 'Foreign Currency Transactions and Advance Consideration', 'Transfers of Investment Property (Amendments to IAS 40)', and 'Annual Improvements to IFRS Standards 2014–2016 Cycle'.

  • Webcast (mid blue) Image
  • Robert Bruce interviews — Explaining the issues around climate-related financial disclosures

    published 05 Apr 2017

    As Special Advisor to the Financial Stability Board’s Climate-related Financial Disclosures Task Force, the body which produced the Bloomberg Report, Russell Picot is at the forefront of efforts to encourage the disclosure of climate risks in annual reports. Robert Bruce, our regular, resident columnist has interviewed him and reports on the latest progress.

  • Need to know — IASB proposes improvements to IFRS 8 Image
  • Need to know — IASB proposes improvements to IFRS 8

    published 03 Apr 2017

    This newsletter outlines the proposals set out in the recent exposure draft ED/2017/2 Improvements to IFRS 8 'Operating Segments' (Proposed amendments to IFRS 8 and IAS 34) which was published by the IASB in March 2017 for public comment.

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