All you need on UK Accounting, Reporting & Corporate Governance
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  • IASB Chair discusses connectivity

    24 May, 2024

    IASB Chair Andreas Barckow delivered a keynote address at the European Accounting Association (EAA) Annual Congress and spoke about the emerging priority of connectivity, the limitations of financial statements, and the risen significance of other reporting.

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  • May 2024 ISSB meeting notes posted

    22 May, 2024

    The ISSB met on 16 May 2024 in Montreal. We have posted our comprehensive Deloitte observer notes for the project discussed during the meeting.

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  • CCAB issues revised SORP for Limited Liability Partnerships

    21 May, 2024

    The Consultative Committee of Accountancy Bodies (CCAB) has published a revised Statement of Recommended Practice (SORP) which sets out a framework for accounting by Limited Liability Partnerships (LLPs) (“LLP SORP”).

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  • ISSB issues podcast on latest developments (May 2024)

    21 May, 2024

    The International Sustainability Standards Board (ISSB) has released a podcast hosted by ISSB Chair Emmanuel Faber and ISSB Vice-Chair Sue Lloyd discussing the latest developments around the ISSB.

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  • UKEB publishes reports on accounting for intangibles

    18 May, 2024

    The UK Endorsement Board (UKEB) has published two reports, one on its research on intangibles reporting in the UK and a second report on the findings from a survey of users of financial statements. These reports are aimed at fostering debate on the need for comprehensive revisions to the accounting and reporting of intangibles.

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  • 120 signatories call for commitment from jurisdictions to adopt the ISSB standards

    22 May, 2024

    120 investors, companies, industry associations and stock exchanges have signed a call for commitment from relevant authorities across jurisdictions to adopt the ISSB standards. The endorsed statement was developed jointly by the London Stock Exchange Group (LSEG), the Principles for Responsible Investment (PRI), the United Nations Sustainable Stock Exchanges initiative (UN SSE) and the World Business Council for Sustainable Development (WBCSD).

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  • ISSB publishes webcasts on current and anticipated effects

    22 May, 2024

    The International Sustainability Standards Board (ISSB) has published two webcasts on the disclosure requirements related to current and anticipated effects of sustainability-related risks and opportunities on an entity's financial position, financial performance and cash flows.

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  • IASB webcast on power purchase agreements

    22 May, 2024

    The IASB has released a webcast on its exposure draft IASB/ED/2024/3 'Contracts for Renewable Electricity (Proposed amendments to IFRS 9 and IFRS 7)'.

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  • Summary of the April 2024 SCC meeting

    21 May, 2024

    The Sustainability Consultative Committe (SCC) met via video conference call on 29 April 2024. A summary of the meeting is now available.

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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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  • Accounting roundup — April 2024

    published 17 Apr, 2024

    This Accounting roundup, covering the period January 2024 through to March 2024, pulls together the headlines for all the latest developments in accounting, providing links to a wealth of further information and resources.

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    • ISSB Meeting — 25 January 2024

      Start: 25 Jan, 2024 - End: 25 Jan, 2024

      The ISSB held a joint meeting with the IASB in its offices in London on 25 January 2024.

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