Reporting Faculty News Today

Rule changes aim to improve the relevance of financial statements on renewable electricity contracts, as more and more companies transition to clean power sources.

From 1 May, the fees for Companies House services have increased, with the cost of incorporating a company via software increasing five-fold.

Since publication of the IFRS Sustainability Disclosure Standard, IFRS S2 Climate-related Disclosures in June 2023, thoughts have turned to what it means for organisations. We answer some common questions.

International Accounting Standards Board issues exposure draft setting out proposals for improved acquisitions reporting, in response to concerns from stakeholders.

Exposure Draft proposes a simple reporting tool to help SMEs respond to requests for sustainability data from business partners such as banks, investors or larger company clients.

As stakeholder demands for organisations to report on Scope 3 information ramp up, reporting challenges include the potential for significant error, ICAEW warns.

Companies need to ensure they are adequately explaining the impact of the ongoing economic uncertainties in their annual reports, the Financial Reporting Council (FRC) advises.

ICAEW highlights benefits of the UK adopting IFRS Sustainability Disclosure Standards in response to TAC’s call for evidence.

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View a range of practical resources on UK GAAP, IFRS, UK regulation for company accounts and non-financial reporting, plus find out more about ICAEW's Corporate Reporting Faculty.