In this month’s roundup of accounting and reporting developments, FRC set to amend FRS 102 defined benefit pension rules, FRC consults on tougher stewardship code, former Tesco FD cleared in £250m accounting fraud, Patisserie Valerie calls in KPMG as administrators

The Financial Reporting Council (FRC) is consulting on changes to FRS 102 to improve the accounting regime for defined benefit pensions, as well as amendments to FRS 101 to take into account IFRS 17 Insurance Contracts

The International Accounting Standards Board (IASB) has signalled its intention to make amendments to the new insurance contracts standard, IFRS 17, in a bid to make implementation straightforward and also to make it easier for companies to explain the results of applying IFRS 17 to investors and others

The European Financial Reporting Advisory Group (EFRAG) has issued a draft endorsement advice letter relating to the endorsement for use in the EU of Definition of a Business (Amendments to IFRS 3 Business Combinations).

In this month’s roundup of accounting and reporting developments, IFRS 16 Leases effective date hits balance sheet, SEC fines Hertz Global $16m over accounting misstatement, crackdown on abuse of Scottish partnerships for money laundering

Company reporters need to be ready for mandatory changes to the Strategic Report and the enhanced s172 Companies Act 2006 statement on directors’ duties from January 2019, explains Matt Chapman, better business reporting leader, KPMG

IFRS 16 Leases is effective for annual reporting periods beginning on or after 1 January 2019, effectively bringing leases onto the balance sheet for the first time, hitting sectors with multiple mid and long-term leases

If 2018 was significant for the International Accounting Standards Board with the introduction of IFRS 9 and IFRS 15, 2019 will sees IFRS 16 Leases come into effect, continuing work on improving the disclosure requirements and more work on clarify the delayed insurance contracts standard, IFRS 17. Jeroen Van Doorsselaere, VP of Wolters Kluwer Financial Services, looks at the key issues for international reporters in the year ahead

Paul Lippitt, principal consultant at fleet leasing company Lex Autolease, outlines seven steps to ensure smooth implementation of IRFS 16 Leases, effective for accounting periods starting 1 January 2019

The key accounting deadlines from accounts for period ending 31 March 2018 to implementation of a raft of amendments SORPs following FRS 102 triennial review, effective date of IFRS 16 Leases and revised guidance on the strategic report requirements

The latest in our series on the lease accounting rule changes under IFRS 16 Leases focuses on the implications for the aviation sector, the impact on cash flow and arguments for renegotiating lease contracts. Steven Fox, head of corporate solutions at MRI Software, explains

The International Accounting Standards Board (IASB) has decide to look at an amendment to IFRS 17 Insurance Contracts, relating to the separate presentation in the financial position statement of groups that are either assets or liabilities