The pandemic has meant that landlords and leaseholders have faced pressures meeting rent commitments, which has affected the accounting treatment of rent concessions. Rachel Farris, Croner-i Navigate, explains how the latest amendments to IFRS 16 Leases impact accounting 

The International Accounting Standards Board (IASB) has launched a consultation on a revised framework for management commentary in accounts which aims to build on the latest developments in narrative reporting to focus on the information that investors need and ways to present it more clearly

The UK’s new standard setter responsible for reviewing and adopting new international accounting standards post Brexit has been given a statutory basis following the signing off of delegated powers via secondary legislation