Accounting Consultations

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Finance | LLP SORP accounting rules to be updated

Plans to update the accounting rules for limited liability partnerships (LLPs) are currently out for consultation to reflect changes to thresholds, remuneration reporting and post-retirement payments

8 May 2025

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Business | ICAEW to strengthen disciplinary sanctions

Accountants are likely to face tougher sanctions when ICAEW completes a review of disciplinary sanctions to create a third tier of misconduct and penalties by Q4 of this year

7 May 2025

Corporate Governance

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Finance | Sustainability standard IFRS S2 to be simplified already

The International Sustainability Standards Board (ISSB) is consulting on targeted amendments to recently introduced IFRS S2 Climate-related Disclosures

29 Apr 2025

ESG & Sustainability

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Finance | Bank deposit protection limit set to rise to £110k

Plans are afoot to increase the compensation scheme for bank deposits to £110,000 if a bank or building society fails, subject to consultation

2 Apr 2025

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Finance | Charity accounting SORP rules set for overhaul

The charity standard setters are consulting on significant changes to the Charity SORP, including leases, revenue recognition and ESG

1 Apr 2025

Charities

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Business | FCA consults on removing £100 contactless limit

The financial regulator is considering increasing the contactless limit for card payments to at least £300 as part of plans to cut regulation

17 Mar 2025

Corporate Governance

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Business | FCA consults on PISCES private stock market

Plan to launch a specialist stock market to trade shares in privately held companies will go ahead next year with lighter regulation, subject to consultation

20 Dec 2024

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Finance | IFRS to update standard-setting due process handbook

IFRS Foundation Trustees is consulting on revisions to the standard-setting handbook to reflect the impact of relatively new International Sustainability Standards Board (ISSB)

19 Dec 2024

IFRS

Finance | FRS 101 must be amended due to IFRS 18

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

16 Dec 2024

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Finance | IASB consults on changes to accounting for provisions under IAS 37

The International Accounting Standards Board (IASB) is planning targeted amendments to IAS 37 accounting rules to improve reporting of provisions on balance sheets

12 Nov 2024

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Finance | UK Stewardship Code needs to be more ‘proportionate’

The Financial Reporting Council (FRC) is consultating on significant updates to the UK Stewardship Code to make rules more ‘proportionate’ and reduce reporting burden

11 Nov 2024

Corporate Governance

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Business | Labour drops plan to redefine size of SMEs

There will be no changes to employee thresholds for medium-sized companies as Labour rejects Conservative proposals to simplify reporting requirements

14 Oct 2024

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Finance | IASB set to improve IAS 7 cashflow reporting

The International Accounting Standards Board (IASB) has launched a research project to improve the requirements for the statement of cash flows in IFRS

17 Sep 2024

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Finance | IFRS Accounting Taxonomy update to reflect IFRS 19

The International Accounting Standards Board (IASB) is consulting on proposals to update the IFRS Accounting Taxonomy 2024 to reflect new IFRS 19 standard

2 Sep 2024

Accounting Standards