A significant update of IFRS for SMEs has been released, reflecting critical changes to accounting rules on revenue recognition, business mergers and reporting loans
The Financial Reporting Council (FRC) has issued updated guidance on reporting of going concern and liquidity risks to improve quality of disclosures and encourage preparers to take a longer term view
IFRS Foundation Trustees is consulting on revisions to the standard-setting handbook to reflect the impact of relatively new International Sustainability Standards Board (ISSB)
The International Accounting Standards Board (IASB) has amended IFRS 9 to improve reporting on the financial effects of wind and solar-based electricity contracts
The Financial Reporting Council has issued draft amendments to FRS 101 Reduced Disclosure Framework taking into account the impact of brand new IFRS 18 due to come in from 2027
The International Accounting Standards Board (IASB) is planning targeted amendments to IAS 37 accounting rules to improve reporting of provisions on balance sheets
Only three months since launching its newest standard, IFRS 19 Subsidiaries without Public Accountability: Disclosures, the standard setter is set to change related disclosure rules
AIM listed Harland & Wolff Group Holdings plc has delayed release of annual accounts due to disagreements with auditor PKF Littlejohn over accounting treatment of contracted revenue
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