The Pensions Research Accountants Group (PRAG) has published guidance on how pension scheme accounts need to account for their equalisation liabilities for guaranteed minimum pensions (GMPs) following the Lloyds judgment on pension equality

The government is passing substantive legislative changes to Companies Act 2006 (CA 2006) via statutory instrument and has issued guidance letters for accountants and auditors with advice on how to operate cross-border in the event of a no deal Brexit. James Waller CA, technical writer at Croner-i Tax and Accounting, explains the key considerations

Now that the International Accounting Standards Board (IASB) has a clear definition of materiality under IFRS, the next step is to incorporate it into new and existing accounting standards, says Jeroen Van Doorsselaere, VP of Wolters Kluwer Financial Services

The introduction of IFRS 15, the new revenue recognition standard, has resulted in an unexpected interpretation problem concerning partial and full provision of contracts, which requires a review of IAS 37 provisioning rules. Andrew Marshall, senior technical partner at KPMG, examines potential clashes under the current interpretation

Metro Bank has revealed it is being probed by both the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) who are investigating the circumstances and events that led to the challenger bank making a significant adjustment to its accounting for risk weighted assets (RWA) last month

Public sector bodies in Scotland need to improve the quality of their performance reporting by putting a greater focus on disclosures about sources of funding, key performance indicators and risks factors, all in the context of financial statements, says Audit Scotland

In this month’s roundup of accounting and reporting developments, no deal Brexit advice for accountants, IFRS 9 causes HSBC’s net assets to drop £1.2bn, IFRS 16 set to pull £180bn onto FTSE 350 balance sheets, Kraft Heinz under spotlight over procurement accounting

The IFRS Foundation has published two documents summarising work by the International Accounting Standards Board (IASB) on possible improvements to IFRS 8 Operating Segments and on discount rates in IFRS standards

The key accounting deadlines from deadline to comment on the FRC's exposure draft on Practice Note 19 to deadline to comment on the FCA consultation on Guidance on Cryptoassets and amendments to FRS 101 and FRS 102

CIPFA has been selected to continue providing secretariat support for the charities statement of recommended practice (SORP), working with the SORP-making body, and will provide support for the drafting of the statement’s future updates for at least another three years, following an open tender process

The European Financial Reporting Advisory Group (EFRAG) has endorsed the use of the upcoming materiality changes to IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Accounting Estimates and Errors

US conglomerate Kraft Heinz, the world’s fifth largest food and drinks company, has revealed it is under investigation by the Securities and Exchange Commission (SEC) over its procurement accounting policies and has had to make a $25m (£19m) adjustment to its fourth quarter results