IFRS

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Finance | Changes to IFRS 9 to reflect interest rate risk

IASB plans accounting model to reflect how financial institutions manage interest rate risk, involving amendments to IFRS 7 and IFRS 9

3 Dec 2025

Finance

Financial Reporting

IFRS

Accounting Consultations

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Finance | FRC calls for improvement in quality of cash flow reporting

Smaller listed companies are still failing to meet the standard for reporting on revenue recognition, impairment and cash flow statements, raising the risk of an enquiry, warns Financial Reporting Council (FRC)

19 Nov 2025

Finance | Weak financial controls caused WH Smith £30m accounting error

Fallout from £30m misstatement of supplier income triggers resignation of group CEO of WH Smith after Deloitte review discovers poor financial controls and failure to follow accounting standards on revenue recognition and inventory provisioning

19 Nov 2025

Finance | FRC rules out additional disclosures in FRS 101

The UK regulator is not going to make any changes to FRS 101 after annual review, despite several recent amendments to disclosures in IFRS standards

20 Oct 2025

Accounting Consultations

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Finance | Cash flow and impairment reporting need improvement

The Financial Reporting Council (FRC) flags issues with impairment and cash flow statements, warning of quality gap for reporting outside FTSE 350

30 Sep 2025

Finance | SEC head criticises ‘specious’ IFRS sustainability rules

The chair of the Securities and Exchange Commission has criticised IFRS sustainability standards, hinting at a review of use of IFRS accounting by non-US companies

11 Sep 2025

Finance | IFRS 19 updated to reflect changes to accounting rules

The International Accounting Standards Board (IASB) has amended disclosure rules for subsidiaries planning to use new IFRS 19 standard

22 Aug 2025

Finance | WH Smith’s £30m revenue blunder: horror story for FDs

If they ever publish a book called Horror Stories for Accountants, the WH Smith revenue recognition error will be in it, says Rob Steele, CFO at iplicit

22 Aug 2025

Finance | WH Smith discovers £30m accounting error

Airport retail specialist WH Smith has reported an overstatement of £30m in forward revenue in its north American business due to a revenue recognition problem

21 Aug 2025

Finance | IFRS releases draft examples on risk reporting climate issues

The IFRS Foundation has published a set of draft examples using climate-related scenarios to improve corporate reporting for early review

24 Jul 2025

Finance | Consultation on draft 2026 Taxonomy for FRS 102 starts

The accounting regulator has issued a draft version of the 2026 Taxonomy Suite for UK GAAP reporters reflecting changes for reporters as revenue recognition and lease accounting under FRS 102 changes

14 Jul 2025

Accounting Consultations

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Finance | IASB revises management commentary reporting rules

The International Accounting Standards Board (IASB) has issued a revised Practice Statement on management commentary to address criticisms from stakeholders

10 Jul 2025

Finance | ISSB consults on priority industry sectors for sustainability standards

The International Sustainability Standards Board (ISSB) launches major consultation on proposals to amend SASB standards for key industry sectors including mining, oil and gas, construction and food processing to align with IFRS S2 Climate-related Disclosures

3 Jul 2025

Finance

Financial Reporting

IFRS

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ESG & Sustainability

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Finance | The future of FRS 102 and financial reporting

Julia Bowyer FCA and Rachel Farris FCA CTA report on the ICAEW Corporate Reporting Conference where hot topics were major changes to FRS 102, future direction of corporate reporting and possible changes to Companies Act 2006 in light of government review

23 Jun 2025

Finance | CPD module: Applying IFRS

This month's exclusive CPD course explains the essential requirements and practical challenges for reporters using IFRS accounting standards in the UK

3 Jun 2025

Finance

Financial Reporting

IFRS