FRC seeks views on periodic review of UK GAAP
The Financial Reporting Council (FRC) has published draft amendments to UK GAAP standards for comment. The consultation is open until the end of April 2023.
Source: icaew.com
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Planning for the 2022/23 reporting season in a tough economy
ICAEW’s Financial Reporting Faculty looks at the implications of current economic conditions for the upcoming reporting season.
Source: icaew.com
ISSB one year on: looking to the future
As COP27 comes to a close, we look back over the achievements of the International Sustainability Standards Board in its first year, its current challenges and future plans.
Source: icaew.com
Corporate reporting quality maintained but improvement needed
Despite continued economic uncertainty, the FRC has not detected a decline in reporting quality. However, improvements in key areas are still needed.
Source: icaew.com
Deferred tax assets: characteristics of better disclosure
A Financial Reporting Council thematic review, prompted by an increase in reported losses by entities, highlights good practice on deferred tax asset accounting and disclosures.
Source: icaew.com