Audit Consultations

Image for frc strengthen auditor reporting material misstatement risk

Finance | FRC to strengthen auditor reporting on material misstatement risk

The Financial Reporting Council plans to strengthen auditor responsibility to detect and report the risk of fraud and material misstatement if companies break the law

19 Oct 2023

Image for government u turn non financial reporting rules

Finance | Government u-turn on non-financial reporting rules

The government has abandoned plans to reform non-financial corporate reporting and will no longer introduce audit assurance reports, dividend information and resilience statements

17 Oct 2023

Financial Reporting

Image for ukeb survey accounting intangibles launched

Finance | UKEB survey on accounting for intangibles launched

The UK Endorsement Board (UKEB) is canvassing corporate reporters on ways to reduce the complexity of accounting for intangibles

27 Sep 2023

Finance | Narrow scope amendments to IFRS proposed

The International Accounting Standards Board plans a number of narrow-scope amendments to clarify wording on IFRS accounting standards

12 Sep 2023

Image for frc releases draft 2024 taxonomy

Finance | FRC releases draft 2024 taxonomy

The Financial Reporting Council has published a draft version of the 2024 taxonomy suite

14 Aug 2023

Image for frc reviews ethical standard reduce conflicts interest

Finance | FRC reviews Ethical Standard to reduce conflicts of interest

The Financial Reporting Council is planning to tighten up the Ethical Standard for auditors to improve levels of integrity and reduce conflicts of interest

8 Aug 2023

Image for ccab sets out minor amendments llp sorp

Finance | CCAB sets out minor amendments to LLP SORP

CCAB has issued an updated draft of the Statement of Recommended Practice SORP Accounting by Limited Liability Partnerships

8 Aug 2023

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Finance | IAASB consults on global sustainability assurance standard

The International Auditing and Assurance Standards Board (IAASB) has issued a consultation on a brand new International Standard on Sustainability Assurance (ISSA) 5000

3 Aug 2023

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Finance | ISSB consults on taxonomy for sustainability reporting

The International Sustainability Standards Board has released a draft digital taxonomy to improve accessibility and comparability of sustainability information

27 Jul 2023

Image for frc consults endorsement plan sustainability standards

Finance | FRC consults on endorsement plan for sustainability standards

The Financial Reporting Council has issued a call for evidence to inform the key issues to consider for endorsement of the IFRS Sustainability Disclosure Standards in the UK

19 Jul 2023

Finance | IASB reviews IFRS 15 revenue recognition rules

The International Accounting Standards Board (IASB) has issued a consultation on plans to review the effectiveness of the IFRS accounting standard for revenue from contracts with customers, IFRS 15

3 Jul 2023

Image for government plans shakeup non financial reporting

Finance | Government plans shakeup of non-financial reporting

The government is consulting on options to simplify non-financial reporting rules and the appropriateness of current company thresholds

25 May 2023

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Finance | IFRS issues guidance for SMEs on climate-related matters

The IFRS Foundation has published educational material into SMEs accounting standards related to the effects of climate-related matters on financial statements

22 May 2023

Finance | ISSB consults on two-year sustainability research plan

The International Sustainability Standards Board (ISSB) is consulting on its priorities for the next two years, including sustainability-related research projects

16 May 2023