Accounting and reporting

IAASB proposes amendments related to IESBA standards on external experts

Also, the ISSB publishes an exposure draft on targeted amendments to climate standard to facilitate companies’ application of the standard.

IFRS collaborating on sustainability standards in Latin America, Caribbean

An IFRS partnership is intended to accelerate the adoption of these standards across Latin America and the Caribbean. Also, the UK government unveils reforms to pension schemes.

IFAC consultation focuses on revisions to membership obligations

Also, the UK government rolls out cyber defence guidance and resources to improve business resilience.

EU opens consultations on AI governance

Also, the IAASB revises auditing standard on going concern, and the IFRS Foundation looks to bring nature-related information into financial reporting.

EU reporting under CSRD requirements delayed

Also, the IFRS Foundation published its 2025 taxonomy, and the IAASB released audit guidance for less complex entities.

IFRS launches tool to help companies implement ISSB standards

Also, new research from the Global Reporting Initiative focuses on transparency in lobbying practices.

Regulatory revisions follow amendments to company size thresholds

The FRC issued updates to standards and the financial reporting framework to help stakeholders meet reporting requirements.

IFAC finalises revisions to education standards

The UK government pushes finance system reforms; the FRC publishes its first series of resources to help SMEs navigate the audit process.

Risk and opportunity: CSRD’s impact on company responses to climate

Not surprisingly, the Corporate Sustainability Reporting Directive is driving how companies view climate risk. It’s also driving companies to a better understanding of related business opportunities.

FRC begins first phase of audit support campaign for SMEs

Also, the FRC launched a tool to improve free access to structured digital reporting data.

EU proposes significant changes to CSRD reporting requirements

The proposals include the removal of around 80% of companies from the scope of CSRD — described as a “backward step” by the Global Reporting Initiative.

IASB issues ‘major update’ to standard for SMEs

The updates include a revised model for revenue recognition and new requirements for business combinations, consolidations, and financial instruments.

IAASB invites feedback on finalised standard amendments

Also, the Global Reporting Initiative suggests methods for improved tax-related sustainability reporting.

UK government, FRC launch support initiatives for SMEs

The FRC also recommends key actions to support the development of the UK’s sustainability assurance market.

Global handbook on AI safety released

The IPSASB issues amendments to specific IFRIC interpretations; the FRC launches a campaign to support SMEs in the UK.

New framework promotes ‘unified vision’ for sustainability reporting

The IAASB and IESBA’s integrated framework aims to provide a unified, global approach to meet the growing demand for trustworthy sustainability information.

CGMA designation gains formal recognition in Shenzhen

The designation is equivalent to “senior engineer” in the Chinese governing body’s qualification directory. Also, the FRC reviews climate-related reporting across companies.

FRC committee recommends use of IFRS sustainability standards in UK

The UK Sustainability Disclosure Technical Advisory Committee endorses the first two IFRS sustainability disclosure standards for use, with minor amendments proposed.

FRC publishes 3-year strategy and 2025-26 budget

Also, the IASB issues amendments to standards for reporting on nature-dependent electricity contracts.

FRC proposes revisions to pensions standard

Also, the UK government rolls out service to facilitate targeted government support for SMEs.

Accounting and reporting

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