Accounting standards

ISSB seeks comment on proposed amendments to 3 SASB standards

The proposed amendments cover the board’s initial priorities for enhancement to support applicability and interoperability.

IPSASB exposure draft designed to help governments leverage financial data

The public-sector board is seeking stakeholder comment on its proposal to integrate accounting and statistical systems.

How companies can prepare for IFRS 18 adoption

IFRS 18 adoption provides an opportunity to modernise systems, streamline processes, and better align internal decision-making and external reporting.

IFRS 18: A fundamental redesign of financial statement presentation

The new accounting standard will replace IAS 1 from January 2027 and is aimed at more consistent reporting that's better aligned with how businesses are run.

New UK sustainability reporting standards ‘raise the bar’ on trust

CIMA welcomed the new standards, which are intended to improve accountability and transparency in sustainability-related financial reporting.

FRC issues amendments to FRS 102

The UK regulator’s updates aim to maintain alignment with IFRS requirements.

New guidance reflects legislative changes to corporate reporting

The FRC’s guidance incorporates changes to legislative and regulatory requirements, including the recent revision of the UK Corporate Governance Code.

Public sector climate-related disclosures standard released

IPSASB’s standard is intended to strengthen decision-making by addressing the disclosure guidance gap for governments and public sector companies.

FRC confirms latest companies to report under the UK Stewardship Code

The UK’s FRC said that 291 signatories representing £57.3 trillion in assets under management had signed up to the 2020 version of the code.

ISSB amends IFRS S2 requirements to make implementation easier

The revisions aim to minimise disruption by providing reliefs and clarifications for companies applying the standard.

December FM: 2040 outlook, AI visualisation tools, IFRS 18

FM’s editor-in-chief details articles in the December digital edition, including one that examines hard and soft trends and their impact on accounting and finance professionals. Listen to the podcast episode or read the Q&A.

IASB proposes new accounting model to improve risk management

The new model aims to enhance how financial institutions manage interest-rate risk.

FRC issues changes to UK taxonomy

The update includes changes to the FRC taxonomy suite, charities taxonomy, and Irish taxonomy.

FRC releases new UK sustainability assurance standard

The standard is intended to improve voluntary reporting for UK assurance providers and align with international requirements.

UK regulator publishes guidance for Stewardship Code reporting

The FRC’s guidance aims to support organisations’ reporting and approach to the updated UK Stewardship Code 2026.

Amendments to IFRS 19 aim to reduce disclosure requirements

The IASB’s amendments are intended to reduce disclosure requirements for standards and amendments issued between February 2021 and May 2024.

Professionals worry their organisations could fall behind in AI

Globally, nearly three-fourths of corporate reporting professionals use artificial intelligence tools daily. Companies with greater AI integration are able to use time savings to focus more on strategy.

Over 300 organisations call for preservation of CSRD

Signatories urge policymakers to preserve the core elements of European Sustainability Reporting Standards, including the CSRD’s “double materiality” principle.

FRC seeks stakeholder feedback on proposed SASB amendments

The feedback will help a UK committee prepare its response to the ISSB’s consultation on proposed amendments related to sustainability reporting.

UK regulator amends pensions standard

Following stakeholder feedback, the regulator revised TAS 300 to improve the standard’s clarity and to remove unnecessary provisions.

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