Private jet operator Air Partner has closed an internal review into a £4m overstatement of corporation tax in its accounts, saying the issues have been ‘contained and resolved’ and there is no evidence of any cash or other assets being misappropriated nor of any customer, operator or supplier being impacted

New lease accounting rules under IFRS 16 mean fleet leases will have to be recorded on the balance sheet for the first time as right of use (ROU) asset requirements change. Paul Lippitt ACA, principal consultant and Andrew Charlton, senior finance manager at Lex Autolease explain the implications of the rule changes on company car leasing

In this month’s roundup of developments in accounting and financial reporting, government plans urgent crackdown on use of Scottish limited partnerships, Korean regulator probes Samsung BioLogics accounts, tech company hit by balance sheet impact of IFRS 15

The absence of accounting guidance for cryptocurrencies is causing some concern for reporters as various standards boards review the accounting treatments, but the global standard setter remains on the sidelines. Sarah Perrin ACA asks leading accounting experts about how they deal with crypto accounting

In the first of a new series on accounting for limited liability partnerships (LLPs), Iain Storey of Price Bailey explains the classification of LLP members’ capital and remuneration in the context of the LLP SORP

In part three of this series on IFRS 16 Leases, Peter Westaway, senior manager audit at Deloitte, explains the key changes to lease reporting for utility companies under IFRS 16 

The IFRS Foundation has published a document providing an overview of its proposed amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, which are designed to simplify the application of accounting policy changes resulting from agenda decisions published by the IFRS interpretations committee

There are no changes to FRS 101 Reduced Disclosure Framework following the Financial Reporting Council’s (FRC’s) annual review of the standard, while the regulator says it will review the impact of IFRS 17 Insurance Contracts in more detail when a clearer picture of the endorsement of the standard is known

Louise Scott, PwC UK sustainability and climate change director, explains how the United Nations' sustainable development goals (SDGs) should be integral to annual reporting and considers how to integrate the challenging goals into annual sustainability reports

The government has signalled its intention to change secondary legislation to require mandatory reporting on director remuneration at community interest companies (CICs) later this year, reports Pat Sweet

Samsung BioLogics has become embroiled in a war of words with the Korean regulator the Financial Supervisory Service (FSS) after claims the multinational employed fraudulent methods in accounting for a subsidiary, Samsung Bioepis, which saw $6bn (£4.3bn) wiped from the ’s pharmaceutical company’s value