The International Accounting Standards Board (IASB) is consulting on plans for three narrow-scope amendments to IFRS 3 Business Combinations, which would update the standard but without significantly changing its requirements

In this month’s accounting updates, Companies House reporting regime overhaul planned, FRS 102 DB pension amendments, micro entities should adopt simplified accounting under FRS 105,  ACCA deficit grows, Kraft Heinz admits $181m misstatement, anti-money laundering (AML) oversight ramped up and academy schools Accounting Direction revised

The International Accounting Standards Board (IASB) has opened a three-month consultation on proposed narrow-scope amendments to four IFRS standards

Impending accounting standards changes to IFRIC 14 and the limit on defined benefit asset rules could hit FTSE 100 pension schemes by up to £100bn, double previous predictions, warns LCP

As the half year financial reporting period approaches, Andrew Marshall FCA, senior technical partner at KPMG, examines the complexities of calculating lease terms, particularly for property, when reporting under IFRS 16 Leases

The Financial Reporting Council (FRC) and ICAEW have released a guide to help smaller listed and AIM quoted companies improve their financial reporting as it is still falling below expectations

The International Accounting Standards Board (IASB) is consulting on changes to the old and new financial instruments standards, IAS 39 and IFRS 9, in light of the reform of interest rate benchmarks such as interbank offer rates (IBORs)

In this month’s accounting updates, the PRA calls for greater climate change risk reporting while the IASB says it will not move into sustainability reporting standard setting, PwC reports significant accounting irregularities at Datalex, Garden Bridge Trust is slated, and CIPFA consults on first financial management code

The Prudential Regulation Authority (PRA) says banks and insurers need to do more to manage the financial risks from climate change

Hans Hoogervorst, chair of the International Accounting Standards Board (IASB), has indicated the board intends to play a role in developing climate-change related financial reporting, but will not move in to standard setting in this area, reports Pat Sweet

The latest International Financial Reporting Standards (IFRS) including IFRSs 9, 15 and 16, have focused on increasing transparency in financial statements, which has created more clarity and improved risk management, says Jeroen Van Doorsselaere, VP of Wolters Kluwer Financial Services

This month’s roundup of accounting stories include new SRA rules for law firms, CIPFA’s first financial management code, IFRS 8 consultation responses, Kier’s accounting error, a football accounting foul, Metro asset risk, PwC’s £5.6bn Steinhoff probe, call for better public sector reporting in Scotland