14-03-2022
As the situation between Russia and Ukraine continues to develop and sanctions are imposed on Russia and Belarus, companies preparing reports and accounts need to consider how this affects their business and the consequences for their financial and non-financial reporting.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
02-03-2022
This factsheet provides a high-level summary of FRS 102 and includes practical tips and guidance on some common pitfalls. It has been updated for Brexit and recent amendments and includes a new section on climate-related matters.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
30-06-2021
This factsheet highlights new and modified requirements for preparers of UK GAAP accounts for accounting periods beginning on or after 1 January 2021.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
14-06-2021
The end of the transition period brought into effect changes in company law that have an impact on the preparation of the annual report and accounts. This guide outlines some of the practical implications.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
08-06-2021
This guide outlines the accounting requirements under FRS 102 when loan contract terms are renegotiated together with illustrative examples.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
12-07-2016
This factsheet provides an overview of IFRS 16 together with practical tips and examples. It has been updated for recent amendments.
01-02-2021
Factors to consider when preparing financial statements – updated for 2020 and early 2021 year ends.
01-02-2021
Factors to consider when preparing micro-entity accounts – updated for 2020 and early 2021 year ends.
28-01-2021
Going concern and impairment considerations for those preparing accounts under FRS 102 or FRS 105 with late 2020 or early 2021 year-ends.
01-02-2021
A guide to the accounting implications of changes to contracts with customers as a result of the pandemic.
CIPFA/LASAAC do not intend to bring forward proposals to pause operational property valuation in local authority financial statements but recommend further deferral of the implementation of IFRS 16 until 2024/25.
ICAEW issues guidance after the Financial Reporting Faculty warns that the economic knock-on effects could be felt widely by business.
Q&A-style guidance from BEIS gives preparers of annual reports a steer on new reporting rules that came into force on 17 January.
The UK Endorsement Board is seeking input on two proposals changing disclosure requirements on Supplier Finance Arrangements and non-current liabilities with covenants.
Preparers in certain organisations now need to consider climate-related impacts within their reporting. More requirements will come into force in the future.
Teaching sustainability accounting means keeping up with a rapidly-changing field, says Professor Delphine Gibassier of French business school Audencia.
Several factors will be a focus for investors and regulators this 2021/22 reporting season. Preparers will need to keep them in mind.
Themed on sustainability reporting, the Financial Reporting Faculty’s January edition of its highly acclaimed magazine 'By All Accounts' features a practical guide on implementing TCFD recommendations, accounting for climate under FRS 102 and risk reporting. Normally exclusive to faculty members, a digital version of this special edition is accessible to all ICAEW members and members of ICAEW’s Sustainability and Climate Change Community.
ICAEW’s public sector team examines the public sector sustainability reporting landscape in the UK, outlining key developments in both the private and public sectors.
EFRAG has been given a mandate to expand its remit into developing a European sustainability reporting standard. Board President Jean Paul Gauzès talks through progress so far.
ICAEW Chief Executive Michael Izza and subject matter experts from around the organisation discuss the major trends we should see in 2022.
The first ICAEW Carbon Neutrality Report outlines progress made over 2020/21 and plans for what’s to come over the next decade.
Finance professionals believe the COVID-19 pandemic has accelerated non-financial reporting efforts, but there is still an urgent need for them to do more according to new research.
Allow sufficient time for the introduction of new IFRSs into FRS 102 so that companies can prepare for implementation, ICAEW has urged the FRC.
How can technology be better utilised in company reporting? The FRC Lab examines why this is increasingly as important for non-financial information as it is for financial data.
Plans to introduce mandatory climate-related financial disclosures in the UK have edged closer in recent months, with the expectation that new rules will come into effect on 6 April 2022.
If the volume of non-financial reporting by companies is set to grow significantly, what does the profession need to do to prepare itself? We speak to Naomi Rigby, ESG Assurance Director at PwC.
The transformation of our economies to allow for prosperity and fairness within what nature can support requires a wholesale rethink of our economic and business models, writes Richard Spencer, ICAEW’s Director of Sustainability.
EFRAG’s Board President explains why sustainability is as much a financial reporting issue as a non-financial one.
The requirement for large companies to report on their carbon and energy use (under the streamlined energy and carbon reporting or SECR requirements) has been in place since 2019.
A proposed new approach to developing disclosure requirements in IFRS Standards may have a detrimental impact on disclosures and impair comparability, ICAEW has warned.
Carbon offsetting is part of the mix when it comes to the early stages of a net-zero pathway, but wouldn’t it help if companies could visit the projects they invest in?
While the Section 172 statement is almost three years old, a lot of work remains to ensure it provides decision-useful information for stakeholders and guarantee its original aim of enhancing trust is met.
This is the sentiment of Jeffrey Hales, Professor of Accounting, University of Texas at Austin, and Chair of the SASB Standards Board and Sector Chair for Financials and Renewable Resources and Alternative Energy.
The penny is finally dropping that environmental and social reporting is becoming the responsibility of all practitioners and companies, says Johan Barros, EU Policy Manager at Accountancy Europe.
More explicit guidance is needed on how to reflect the impact of climate risk and the energy transition within financial statements, says Gary Donald, Partner at EY, Global Oil & Gas Assurance Leader.
The UK Endorsement Board is seeking input on the practical implications of potential changes to the subsequent measurement of goodwill under IFRS Standards.
Over reliance on standard wording and generic templates to provide narratives in financial reporting should be a thing of the past.
The Financial Reporting Council (FRC) staff factsheet is part of a series that accompanies FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.
For Shell, climate change is front of mind when developing its annual report and financial statements, says Edwin Kunkels, Vice President Group Reporting at the company.
Week one of the Glasgow climate conference concluded in a blizzard of new commitments and frameworks. ICAEW Insights presents a roundup of five key announcements and what they could mean for the business and accountancy community.
Moves to provide global financial markets with high-quality disclosures on climate and other sustainability issues moved a step forward after the IFRS Foundation formally announced the formation of the International Sustainability Standards Board.
Despite the pandemic, the FRC has revealed that it has not detected a decline in reporting quality. But improvements in key areas are still necessary.
As the stewards of the nation’s railways, the impact of sustainability and climate is clear to see, writes Peter Leadbetter, Head of Accounting at Network Rail.
The Financial Reporting Lab is celebrating its 10th birthday. We speak to Lab Director Phil Fitz-Gerald about its finest achievements and probe its future work, particularly on environmental, social and governance reporting and technology.
While the impetus for non-financial disclosures is growing, there needs to be some harmonisation of standards if it’s going to work.
More than 50% of chartered accountants feel their organisation is equipped to meet the government’s target of net zero carbon emissions by 2050, with two-thirds feeling their organisation had been implementing TCFD actions, a new ICAEW survey has found.
Accounting for Sustainability was established by the Prince of Wales to transform finance and embed sustainability in business. For its Executive Chairman, leadership means taking action but also taking others with you.
HM Treasury has published its roadmap for the transition to a greener financial system. Importantly for the accountancy profession, it sets out plans for implementing sustainability disclosures.
The Financial Reporting Council has published the findings of its review into IAS 37 ‘Provisions, Contingent Liabilities and Contingent Assets’, which has been identified as a frequent problem area.