FRC sets out guidance on climate reporting under FRS 102

The Financial Reporting Council (FRC) has published a factsheet which details what climate-related matters need to be considered when preparing financial statements and associated narrative reporting under FRS 102

The FRC factsheet is part of a series that accompanies the FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (2018) accounting rules and is designed to provide an introduction to climate change reporting.

This is a response to the commitments made in recent FRC publications, including the Climate Thematic and the Statement of Intent on Environmental, Social, and Governance (ESG) challenges, which emphasised that preparers need to consider the impact of climate-related matters on the financial statements as well as on narrative reporting.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Business | King’s Speech outlines closer trade ties with EU, less red tape

Finance | IFRS Foundation cuts costs by 15%

Finance | Changes to small LLP disclosure requirements explained

Finance | Another change to FRS 102 accounts

Finance | Top tips: revenue recognition accounting changes to FRS 102

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily