Accounting and reporting

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.

How ESG reporting can drive value creation

A study of a leading Netherlands bank offers management accountants four examples of best practice to take the lead in supporting their companies’ ESG journey.

FRC publishes annual review of Corporate Governance Code reporting

Also, the International Public Sector Accounting Standards Board issues pronouncements on mineral resources.

IFRS publishes sustainability disclosure guidance

Also, IFAC comments on the IAASB’s recent sustainability standard.

IFRS highlights global progress on climate disclosures

Also, the IASB proposes revisions to a standard focused on measuring provisions on company balance sheets.

FRC proposes updates to UK Stewardship Code

The regulator’s consultation, following four years of analysis of reporting against the 2020 version of the code, will run until 19 February.

UK government announces AI assurance investment for businesses

Also, the FRC opens stakeholder consultation on Actuarial Standard Technical Memorandum 1.

First public sector climate standard in development

This week’s roundup opens with a request for feedback from the IPSASB on its first climate exposure draft, to enable global government responsibility on climate change.

EU enforces new cybersecurity rules to enhance cyber resilience

Also, multiple entities publish studies, guidance, or calls to action related to sustainability.

FRC issues AI guidance; IAASB increases commitment to technology

Also, a review confirms the effectiveness of an IFRS standard addressing revenue recognition across global markets.

The link between sustainability reporting and social performance

Companies committed to sustainability goals are more likely to score higher in certain social indicators, new research shows.

CIMA and Hong Kong organisation agreement focuses on career growth

The new five-year agreement is intended to widen the opportunities open to CIMA members and HKICPA members.

IFAC guide helps smaller firms monitor quality management systems

The final part of an International Federation of Accountants publication addresses the monitoring of QM systems and related remediation.

Accounting and reporting

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