11 May 2018
The International Accounting Standards Board (IASB) has issued a revised version of its Conceptual Framework for Financial Reporting which underpins IFRS Standards. Companies will need use the new framework from 2020 although the IASB will start using it immediately.
23 April 2018
The International Accounting Standards Board (IASB) has issued amendments to IAS 19. These specify how companies should determine pension expenses for the accounting period when changes to a defined benefit pension plan occur.
06 March 2018
The Financial Reporting Council has issued some guidance for the Boards of companies in the construction and business support services sectors, to remind them of their reporting obligations. This guidance has been written for these sectors in the wake of the collapse of Carillion, however the guidance is equally relevant to all companies.
23 January 2018
In December, the International Accounting Standards Board issued narrow-scope amendments to four IFRS Standards as part of the annual Improvements to IFRS Standards 2015–2017 cycle.
18 January 2018
On 14 December 2017, the Financial Reporting Council (FRC) issued Amendments to FRS 102 - Triennial Review 2017 which makes FRS 102 more cost-effective and easier to use as well as providing some useful clarifications.
17 January 2018
From January 2018 IFRS 9 introduces substantial changes to the classification and measurement of financial assets (including the impairment model) and elements of hedge accounting.
29 August 2017
The Financial Reporting Council (FRC) has issued FRED 67 containing draft amendments to FRS 102 following its first Triennial Review. We are very supportive of the FRC’s measured approach of deferring significant change to allow a period of stability. However, we raise three specific points relating to the evolution of the Standard.
29 June 2017
Frequently asked questions we have had around the transition to the new UK GAAP.