14 May 2020
The coronavirus pandemic will have far reaching implications which will require businesses of all sizes including those applying the small company regime and those adopting the micro entity provisions to consider the impact on the preparation of their annual accounts.
14 May 2020
During the coronavirus pandemic, due to the uncertainty of future trading and potential deterioration of financial position from the last annual accounts, entities looking to pay dividends or make other distributions will need to be especially aware of their legal obligations and fiduciary duties, including considering additional factors than they may previously have needed to.
14 May 2020
The requirement for a company’s front end to tell the full story of the business has never been more important. Due to coronavirus users of the financial statements will require forward-looking information which provides an insight into the board’s assessment of business liquidity, viability and solvency as well as the methods, assumptions and judgements underlying that assessment.
27 March 2020
With so much uncertainty during coronavirus it may be difficult to finalise accounts and get an audit signed off. If you have an imminent filing deadline there are steps you can take to defer filing your accounts at Companies House.
27 March 2020
With so much uncertainty it may be difficult to finalise accounts and get an audit signed off. If no filing or covenant deadlines are coming up it may be advisable to defer the approval of your annual accounts for a short time.
27 March 2020
Coronavirus has not changed the definition of, or responsibilities for, directors and auditors around going concern.
27 March 2020
Day by day the advice around coronavirus is changing. This is equally true with regards to how you manage your finances and deal with your accounts. We outline key priorities for businesses and the choices you need to make.
30 October 2019
The IASB has issued limited period exceptions from IFRS 9 and IAS 39 in relation to the requirements for hedge accounting. The amendments apply to periods beginning on or after 1 January 2020, with early application permitted.
05 August 2019
Interest rate benchmarks such as LIBOR (the London Interbank Offered Rate) are being reformed, however the replacement benchmarks have not yet been determined.
01 July 2019
The Financial Reporting Council is considering responses to a consultation suggesting improvements that could be made to business reporting of intangibles: 'Business Reporting of Intangibles: Realistic Proposals'.
