FRC issues advice to improve companies’ ‘comply or explain’ reporting
The UK’s Financial Reporting Council issued advice for companies on how to report transparently and effectively when departing from parts of the UK Corporate Governance Code.
The UK’s Financial Reporting Council issued advice for companies on how to report transparently and effectively when departing from parts of the UK Corporate Governance Code.
A smarter and more automated operating model for corporate reporting is on the horizon, according to results of a new EY survey.
The board has set out amendments to IAS 1, IAS 8, and IFRS Practice Statement 2.
The board’s consultation relates to a 12-month extension to the IFRS 16, Leases, amendment for COVID-19-related rent concessions.
The IFRS Foundation trustees are conducting further analysis after calls for establishing a new board that would issue global sustainability accounting and reporting standards.
Regulators provided guidance and a reminder that deadline extensions relating to financial reporting continue to be in place.
Revisions are to clarify concepts, simplify guidance for report preparers, and place greater emphasis on outcomes of businesses’ activities. Fundamental concepts in the framework remain unchanged.
It’s time for substantive action from our corporations.
Finance leaders have a key role in the move towards climate-friendly economies.
The UK adopted changes to accounting standards relating to interbank offered rates reform and the exemption from applying IFRS 9, Financial Instruments.