Global accounting standard setter completes cost cutting exercise, building reserves to £49m and confirms 2026 will see change of top leadership

Accounting regulator says companies need to focus on explanation clarity and investors should not view comply or explain approach as a ‘red flag’

After years of lobbying, online banking service Revolut given full bank status and begins rollout of full bank accounts for business and individual customers

Regulator fines Direct Line for accounting errors leading to miscalculation of balance sheet due to weak ‘financial controls and staff capability’ 

The International Accounting Standards Board (IASB) plans minor amendments to IAS 28 improve application of fair value due to introduction of new IFRS 18 standard

Luke Baldwin, co-founder, Nature Broking, together with Rethinking Capital, has developed a compelling accounting alternative treating carbon removal credits as balance sheet assets, using IAS 37/38 accounting standards, to make them work for net-zero commitments, but is it more than just creative accounting?

The Financial Conduct Authority is investigating WH Smith after the accounting error involving misstatement of £30m in revenue at US operation

IFRS 18 Presentation and Disclosure in Financial Statements adopted for use by IFRS reporters in the UK from 2027 accounting periods

The International Sustainability Standards Board (ISSB) has issued targeted amendments to greenhouse gas (GHG) emissions disclosure requirements in IFRS S2 Climate-related Disclosures

IASB plans accounting model to reflect how financial institutions manage interest rate risk, involving amendments to IFRS 7 and IFRS 9

Smaller listed companies are still failing to meet the standard for reporting on revenue recognition, impairment and cash flow statements, raising the risk of an enquiry, warns Financial Reporting Council (FRC)