News in Corporate and financial reporting

Rent concessions to be extended

Post-transition period guidance

The FRC has issued guidance for accounts prepared for periods that straddle the Transition Period Completion Day.

Inaugural members of ISSB sought

We highlight the announcement by the IFRS Foundation Trustees on their search for inaugural members of the ISSB

Prototype climate standard issued

Global sustainability and integrated reporting organisations launch prototype climate disclosure standard.

Charities: focus on going concern

Find out more about ICAS’ practical tailored guidance for charity trustees on going concern.

Accounting framework after Brexit

Learn about the key changes to the post-transition period accounting framework.

Accounting for government grants

Read the ICAS guidance on accounting for the Small Business and the Retail, Hospitality and Leisure Grant Funds.

Ten areas for improved reporting

This article highlights the ten areas in company reports identified by the FRC as needing improvement.

Future of corporate reporting

The FRC has set out its vision for the future of corporate reporting in a new discussion paper.

Pension schemes: climate governance

Read the ICAS response to the DWP’s consultation on climate governance and reporting by pension schemes.

Sustainability standard setting

Read about the IFRS Foundation Trustees consultation on the global approach to sustainability reporting.

Improved reporting needed

Read the summary of improvements required in the reporting of revenue and leases based on a review published by the FRC.

Cyber security disclosures

Read our review of the disclosures relating to cyber-security risks in the annual reports of UK listed companies.

Charities: going concern essentials

Key highlights from ICAS guidance for charity trustees on going concern.

Comprehensive corporate reporting

Five global organisations announce a shared vision of what is needed for comprehensive corporate reporting.

Charity going concern guidance

Read ICAS guidance for the trustees of UK charities on going concern.

ICAS responds to IIRC proposals

This article summarises the main points in the ICAS response to the proposed revisions to the Framework.

FRC statement on IFRS 16 amendment

Read the FRC statement on the amendment to IFRS 16 – Covid-19-Related Rent Concessions.

Amendments to accounting standards

Read about the FRC’s proposed amendments to current UK and Ireland accounting standards.

COVID-19 Accounting guidance

Read the ICAS guidance for UK entities on accounting for Government Support measures introduced during COVID-19.