The amendments, designed to improve company information about long-term debt with covenants, are effective for annual reporting periods beginning in 2024 or later.
Proposed changes to the standard are designed to provide a reference framework for auditors when making judgements about audit evidence throughout the audit.
Association leaders in the environmental, social, and governance space discuss fast-approaching standards and what finance professionals need to do to prepare.
The Financial Reporting Council’s thematic review looks at the annual reports of 20 companies to draw out the features of better reporting and disclosures, whilst also highlighting areas for improvement.
A UK group, The Taskforce on Disclosures About Expected Credit Losses, has published a report to help preparers to recognise high-quality ECL disclosures.
The move towards mandatory ESG reporting will require finance to assess the knowledge already in the team and new expertise needed — as a starting point.
The IAASB said it will develop standards for assurance on sustainability reporting, which will demonstrate that the information reported is reliable and credible.
The UK regulator shares disclosure recommendations designed to help organisations meet the needs of investors and be prepared for new reporting requirements.
