Page 2 - Reporting Faculty News Today

Highlights of the latest guidance published by the Corporate Reporting Faculty as well as news and insights on current developments in financial reporting.

In its response to the government’s call for evidence on non-financial reporting, ICAEW has outlined how it would like the UK government to develop and improve its reporting framework.

As more organisations undertake sustainability reporting, they are looking to finance teams for support. ICAEW membership provides access to a range of resources to help you get to grips with the essentials.

Burberry was an early adopter of climate reporting. Here, the modern British luxury brand shares the five things that would have been good to know right from the start.

Proposed beefing up of reporting rules on supplier payments is criticised by ICAEW as failing to consider broader cultural issues.

ICAEW is broadly supportive of the draft amendments to UK GAAP standards set out in FRED 82, but raises issues that the Financial Reporting Council (FRC) should consider before finalising changes to FRS 102 and other FRSs.

Initiative follows consultation results indicating that companies tend to view climate risks as remote and long term in nature.

Reflecting that reporting today is about much more than financial information, ICAEW’s Financial Reporting Faculty is changing its name to the Corporate Reporting Faculty.

ISSB ramps up activities to support global implementation as it prepares for inaugural standards to be issued in the summer.

ICAEW welcomes the rejection of a reintroduction of amortisation of goodwill following evidence gathered in the IASB’s Business Combinations project.