Accounting and reporting

• IFAC seeks consistency, accountants’ engagement in corporate reporting

  The wide variety of frameworks and standards initiatives prevents consistency in corporate reporting, according to the International Federation of Accountants.

• Ethics in action: Misleading reporting

  What’s a management accountant to do when faced with pressure to fudge the numbers?

• FRC urges transparency in lease accounting disclosures

  The UK Financial Reporting Council called on companies to provide more information on the effects of the new lease accounting standard.

• Climate-related reporting frameworks highly aligned

  Assessed against TCFD’s recommendations, report shows GRI, SASB, CDP, CDSB, and IIRC standards have high levels of agreement.

• Cloud-based accounting and African SME growth

  Access to real-time data is turning traditional accountants into strategic advisers.

• FRC strengthens UK going concern audit standard

  The UK Financial Reporting Council amended its going concern audit standard to require more work by the auditor. The standard is a response to recent corporate failures and the resulting enforcement actions.

• Brewing success: Accounting at Guinness

  Management accountants have provided key information for the brewer’s decision-makers for the past 100 years.

• IASB, GASB address interbank-offered rate phaseout

  The IASB and GASB acted to help financial statement preparers with the phaseout of interbank-offered rates that are used as interest rate benchmarks.

• Climate-related reporting’s ability to effect change

  IASB chairman Hans Hoogervorst discusses the growth of sustainability and climate-related reporting.

• Sponsored: Mastering UK compliance

  Sponsored by SAP Concur | Ensuring company spend is compliant is a crucial role of the finance team. But how can you be confident you are getting a true view into all spend while at the same time guaranteeing compliance with the UK’s HMRC rules?

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