The US Financial Accounting Standards Board (FASB) has issued the revised lease accounting standard, changing the way insurance contracts report under an Accounting Standards Update (ASU) that improves financial reporting for insurance companies that issue long-duration contracts, such as life insurance, disability income, long-term care, and annuities

The Financial Accounting Standards Board (FASB) is consulting on narrow-scope improvements to the new leases standard designed to reduce costs and ease implementation for financial statement preparers

The Financial Reporting Council (FRC) needs significant changes in its governance, powers, culture and ways of working if it is to operate successfully in the post-Brexit landscape, ICAEW has made clear in its response to the current review of the regulator conducted by Sir John Kingman