Displaying 1-50 of 166 results
IASB issues amendments to IFRS 9 and IFRS 7
- Article
- 15 Jan 2025
The International Accounting Standards Board has amended IFRS 9 and IFRS 7 to address accounting for nature-dependent electricity contracts.
Help shape IFRS 18 in the UK and improve cash flow statements
- Article
- 14 Jan 2025
ICAEW invites practitioners to share their views on the endorsement of IFRS 18 in the UK and how the statement of cash flows could be improved.
Willow Review aims to boost SMEs’ sustainability know-how
- Article
- 14 Jan 2025
Following the recent launch of an independent review to help small businesses get to grips with sustainability, Co-Chair Michelle Ovens CBE outlines the project’s drive and focus.
A4S unveils guide on making business case for nature
- Article
- 10 Jan 2025
The first in a new series of guides from Accounting for Sustainability urges finance teams to highlight nature as the foundation on which all companies depend to create value.
Advisory committee recommends UK adoption of IFRS S1 and S2
- Article
- 20 Dec 2024
The UK Sustainability Disclosure Technical Advisory Committee is to recommend UK adoption of IFRS S1 and IFRS S2 with minimal amendments.
Chart of the week: Commonwealth of Australia balance sheet
- Article
- 20 Dec 2024
Our chart this week heads down under for some warmer weather and to take a look at the Australian federal government balance sheet in its recently published consolidated financial statements for the year ended 30 June 2024.
The challenges of CSRD compliance
- Article
- 19 Dec 2024
As sustainability reporting requirements under the EU’s CSRD are rolled out, we look at how companies, member states and regulatory bodies are preparing for implementation.
ESG reporting now ‘business as usual’ for top companies
- Article
- 17 Dec 2024
KPMG’s global survey reveals that 95% of the world’s biggest corporations are now publishing carbon targets, while more than half have a sustainability leader.
FRC issues draft amendments to FRS 101 Reduced Disclosure Framework
- Article
- 17 Dec 2024
The FRC has proposed changes that it says will ensure FRS 101 will continue to provide cost-effective disclosure reductions for those entities applying the standard.
UK company size thresholds to increase
- Article
- 12 Dec 2024
New regulations increasing company size thresholds and removing certain requirements from the Directors’ Report will be effective from April 2025.
Proposed public-sector sustainability standard takes broad approach
- Article
- 10 Dec 2024
ICAEW’s Public Sector team examines a draft climate-related disclosures standard, setting a global baseline for public sector ESG reporting. How does it compare with IFRS S2 and GRI?
Corporate governance reporting under spotlight in FRC review
- Article
- 09 Dec 2024
Corporate governance reporting review flags a need for more concise, outcomes-focused disclosure and enhanced reporting on risk management and internal controls.
Sustainability reporting: why standards matter
- Article
- 09 Dec 2024
As a recent ICAEW report reflects on what sustainability standard-setters can learn from their accounting counterparts, we talk to three sustainability reporting experts about what has been achieved so far and what might happen in the future.
Sustainability disclosures still lacking, progress report finds
- Article
- 27 Nov 2024
Investors are still not receiving the information they need to assess and price climate-related risks and opportunities, IFRS Foundation warns.
Free CPD: FRS 102
- Article
- 26 Nov 2024
FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland will see the most significant changes come into effect from January 2026 since its introduction a decade ago. Whether you need a refresh of the current standard or an understanding of the changes, this article will help you find free CPD-verifiable content that will bring you up to speed.
The future of accounting for intangibles: members’ insights
- Article
- 25 Nov 2024
What do members think the IASB should focus on in its landmark research project on intangibles? A recent ICAEW event enabled them to put forward their views.
The future of accounting for intangibles: modernisation
- Article
- 22 Nov 2024
At a recent ICAEW event, senior figures from IASB and UKEB outlined the issues affecting the recognition of intangible assets – and explained why reform is on the horizon. In the first of two articles, we explore the key points raised.
UK company size thresholds changes to go ahead
- Article
- 12 Dec 2024
The new government has confirmed that it will be continuing with legislation to increase company size thresholds but it will not, at this time, be taking forward proposals reducing reporting requirements for medium-sized companies.
How to prepare for UK GAAP changes
- Article
- 17 Oct 2024
With just 15 months until implementation of most of the Periodic Review 2024 amendments to UK GAAP, the Corporate Reporting Faculty’s recent event brought faculty members together to learn about the changes and consider practical implications.
New guidance on voluntary application of ISSB Standards
- Article
- 14 Oct 2024
The IFRS Foundation has published guidance on voluntarily applying the ISSB Standards following urgent calls from investors for better disclosures.
FRC review unearths consistency issues in corporate reports
- Article
- 26 Sep 2024
The Financial Reporting Council’s Annual Review of Corporate Reporting continues to find recurring issues, despite maintained quality and improvements in some areas.
IASB proposes changes to the equity method
- Article
- 24 Sep 2024
IASB proposes changes to the equity method
FRC updates to UK GAAP - how to prepare
- Article
- 20 Sep 2024
The Financial Reporting Council’s new September 2024 editions of UK and Ireland financial reporting standards include changes to FRS 101 and FRS 102. ICAEW’s Corporate Reporting Faculty has resources to ensure you’re ready.
FRC thematic reviews: offsetting ‘not meeting standards’
- Article
- 13 Sep 2024
The regulator’s latest thematic reviews look at first time adoption of IFRS 17 and common errors in the reporting of offsetting.
Periodic Review 2024: leases
- Article
- 09 Aug 2024
As part of the 2024 Periodic Review amendments, the Financial Reporting Council has issued major amendments to Section 20 Leases of FRS 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland. We look at the details.
Revenue recognition: the five-step model
- Article
- 05 Aug 2024
In its recent periodic review amendments to UK GAAP, the FRC has introduced a comprehensive five-step model for revenue recognition. We look at the steps in closer detail.
Statement of cash flows: how to avoid common pitfalls
- Article
- 30 Jul 2024
The Corporate Reporting Faculty’s latest guide addresses cash flow statements – one of the top 10 issues in corporate reports.
IASB agrees Management Commentary Practice Statement revisions
- Article
- 09 Jul 2024
The International Accounting Standards Board will update the Practice Statement to pave way for more integrated financial and non-financial reporting in the future.
ISSB announces two-year work plan
- Article
- 08 Jul 2024
The ISSB has announced that it has embarked on its two-year work plan, plus some additional developments regarding its strategic relationships that promise ‘further harmonisation’ of the disclosure landscape.
Burden of reporting puts investor relationships at risk
- Article
- 20 Jun 2024
The volume and breadth of reporting is smothering the critical dialogue between corporates and investors, experts warn.
Interoperability: new guidance highlights overlaps between ISSB and ESRS
- Article
- 11 Jun 2024
Joint paper from IFRS Foundation and EFRAG arms preparers of sustainability reports with practical advice on how to comply with both sets of standards at once and reduce reporting burden.
IASB floats amendments for renewable electricity contracts
- Article
- 23 May 2024
Rule changes aim to improve the relevance of financial statements on renewable electricity contracts, as more and more companies transition to clean power sources.
Government delivers timeline for S1 and S2 endorsement
- Article
- 20 May 2024
Dates for endorsement of the International Sustainability Standards Board’s IFRS S1 and IFRS S2 standards announced, ending speculation over timescales for new reporting requirements.
How ICAEW is shaping sustainability standard setting
- Article
- 17 May 2024
A major ICAEW report reflects on the lessons to be learned from the experience of accounting standard setting to shape the development of future sustainability reporting standards.
IASB publishes IFRS 19
- Article
- 10 May 2024
The IASB’s voluntary new IFRS Accounting Standard, IFRS 19, aims to simplify the group reporting process for eligible subsidiaries.
Corporate data: a new type of intangible
- Article
- 08 May 2024
Research by ICAEW and the China Accounting Standard Committee highlights the challenges of accounting for corporate data resources and suggests a new framework for their treatment in financial statements.
IASB launches review of accounting for intangibles
- Article
- 03 May 2024
The International Accounting Standards Board is considering whether IFRS Accounting Standard requirements for intangible assets remain relevant today, following concerns from stakeholders.
Company size thresholds: what are the implications?
- Article
- 16 Dec 2024
Monetary company size thresholds are set to rise by 50% from October 2024, affecting non-financial reporting obligations for businesses of all sizes. We take a look at the implications.
ISSB to assess nature and human capital risks and opportunities
- Article
- 01 May 2024
International Sustainability Standards Board launches two projects to research disclosure on risks and opportunities associated with nature and human capital, amid calls for improvements from investors.
IFRS S2 Climate-related Disclosures: your questions answered
- Article
- 29 Apr 2024
Since publication of the IFRS Sustainability Disclosure Standard, IFRS S2 Climate-related Disclosures in June 2023, thoughts have turned to what it means for organisations. We answer some common questions.
IASB publishes IFRS 18
- Article
- 10 Apr 2024
The IASB’s latest IFRS Accounting Standard, IFRS 18 Presentation and Disclosure in Financial Statements, focuses on new requirements for the statement of profit or loss.
Finance function key to materiality testing
- Article
- 09 Apr 2024
Bringing accountants into materiality testing early on is vital not just for better reporting, but more effective ESG strategies, consultancy says.
New revenue recognition model for FRS 102 and FRS 105
- Article
- 28 Mar 2024
The FRC has issued its latest amendments to UK GAAP, introducing a five-step model for revenue recognition and on-balance sheet recognition for most leases by lessees to FRS 102.
IASB outlines plans for better acquisitions reporting
- Article
- 26 Mar 2024
International Accounting Standards Board issues exposure draft setting out proposals for improved acquisitions reporting, in response to concerns from stakeholders.
SEC standardises climate-related disclosures for investors
- Article
- 20 Mar 2024
The US Securities and Exchange Commission has clarified its climate-related disclosures rules after a lengthy deliberation period.
Zurich Insurance Group on the sustainability reporting challenge
- Article
- 18 Mar 2024
Karthik Thilak, Group Head of Financial Accounting and Reporting at one of the world’s biggest insurers, explains its approach to sustainability reporting, which puts accountants at the heart of the process.
Changes to accounts preparation and filing requirements
- Article
- 24 Jan 2024
As well as measures to tackle economic crime, the new Economic Crime and Corporate Transparency Act aims to improve information held on the UK companies register.
FASB issues crypto asset standard
- Article
- 23 Jan 2024
New requirements will create a divergence from the current requirements of IFRS Accounting Standards and UK GAAP.
ICAEW backs purpose-led reporting requirements for Scope 3
- Article
- 09 Jan 2024
As stakeholder demands for organisations to report on Scope 3 information ramp up, reporting challenges include the potential for significant error, ICAEW warns.
Cross-sector ESRS adoption paves way for CSRD implementation
- Article
- 27 Oct 2023
Cornerstone package of sustainability reporting standards holds off an 11th-hour parliamentary challenge to pass through its final scrutiny period and take legal effect.
Displaying 1-50 of 166 results