With one year to go until the effective date for sweeping changes to accounting rules with the introduction of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers, the International Accounting Standards Board (IASB) has issued a recap on key changes and compliance costs

In this month’s roundup of developments in accounting and financial reporting, FRC clarification on what constitutes 'true and fair', FRS 101 amended to align with IFRS 16 Leases, FCA to tighten crowdfunding regulations

In part 12 of this exclusive new UK GAAP series, we will focus on new UK GAAP and accounting for leases under section 20, highlighting key differences between FRS 102 and SSAP 21

Corporate governance and shareholder advisory consultancy PIRC has accused the Financial Reporting Council (FRC) of not adhering to the law and failing to operate wholly independently from the accounting profession, and claims the regulator is ‘unsupportable’ in its current form

In part 11 of this exclusive new UK GAAP series, we will focus on FRS 102 and accounting for foreign currency issues under section 30 foreign currency translation, based on functional currency

​​The European Financial Reporting Advisory Group (EFRAG) is calling on the International Accoutning Standards Board (IASB) to include directions for the use of asymmetry in the revised Conceptual Framework due to be finalised by July 2017

A mixed year for IFRS as IFRS 16 Leases was launched and the revenue recognition standard IFRS 15 was tweaked, but on the whole the International Accounting Standards Board has reined in on activity, says Jeroen Van Doorsselaere, vice president, risk & finance, Wolters Kluwer Financial Services

The International Accounting Standards Board (IASB) has confirmed that it will work towards releasing a revised Conceptual Framework in mid 2017 with the IFRS 17 insurance contracts standard slated for March

The Brexit vote could have long-term implications for the use of IFRS in the UK. Andrew Marshall FCA considers the pitfalls and potential options for UK accounting standards once the UK leaves the EU

With increasing regulatory pressure and intense scrutiny over governance and transparency, annual reports provide an essential tool for businesses to communicate effectively. Cutting the clutter and focusing on the key issues for stake holders is absolutely critical, explains Mala Shah-Coulon, executive director, EY’s assurance practice

In part ten of our exclusive new UK GAAP series, Helen Lloyd FCA assesses the latest GAAP rules for accounting for property investments with a specific focus on those applying to section 16 of FRS 102

The Financial Reporting Council (FRC) is consulting on limited amendments to FRS 101 Reduced Disclosure Framework in relation to IFRS 16 Leases in a bid to reduce the administrative reporting burden