Under the small company accounting regime businesses can produce abridged accounts with truncated primary statements. Anne Cowley ACA explains how to use abridged accounts, which should not be confused with the old abbreviated accounts

The Financial Stability Board (FSB) has put its weight behind the new insurance contracts standard, IFRS 17, and is calling for insurers to begin implementing the standard as soon as possible

The Financial Reporting Council (FRC) has issued its final amendments to FRS 101 Reduced Disclosure Framework as part of its annual review cycle

Confusion still remains around reporting frameworks and the formats available to companies when filing financial results with Companies House. Joanna Lovatt FCA, audit director at Mercer & Hole, considers the key issues to consider when filing accounts at Companies House under FRS 102 Section 1A 

Jeroen van Doersselaere examines what organisations need to do over the next three-and-a-half years order to comply with IFRS 17 Insurance Contracts 

The European Financial Reporting Advisory Group (EFRAG) is asking for feedback from preparers, users, academics and others on their experiences with IFRS 13 Fair Value Measurement, to feed into the IASB’s post implementation review of the standard

The Office of Tax Simplification (OTS) has published a range of recommendations for overhauling the corporation tax regime for both small and large businesses, with the aim of making calculations simpler, including fewer changes and more time to plan

The Financial Reporting Council (FRC) has said it needs to undertake more evidence-gathering before updating FRS 102 to reflect recent changes in IFRS, to give organisations more time to get used to IFRS

In this month’s roundup of developments in accounting and financial reporting, 10-year ban for Mehigan ACA, PSC register and Scottish partnerships, FRC scales back PwC probe over Tesco accounting, IASB consults on IFRS 13 fair value measurement change

The head of the international IFRS standard setter is calling for the development of tougher guidance on performance reporting to give investors and key stakeholders more transparency and insight over company cashflow and income

The Financial Reporting Council (FRC) has announced it is to investigate PwC’s auditing of BT Group, in light of the discovery of some £500m of losses in the telecom giant’s Italian subsidiary, which came to light via a whistle-blower last October and were subsequently found to relate to several years of misreporting

In the latest exclusive Accountancy UK GAAP download series, part one of our essentials guide focuses on accounting changes for small businesses, from transition tips and the micro accounts regime, to audit exemptions and financial instruments