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From April 2027, Companies House will require all UK entities to file digital accounts. Learn what’s changing and how to prepare for the new rules.

Explore key changes to small company disclosures under FRS 102 Section 1A, including UK GAAP updates on leases, tax, going concern and related parties.

On 27 March 2024, the Financial Reporting Council issued amendments to FRS 100 – 105 (known as GAAP, or Generally Accepted Accounting Practice), a suite of accounting standards applicable in the UK and Ireland. These are used by an estimated 3.4 million businesses in preparing their financial statements.

On 27 March 2024, the Financial Reporting Council issued amendments to FRS 100 – 105 (known as GAAP, or Generally Accepted Accounting Practice), a suite of accounting standards applicable in the UK and Ireland. These are used by an estimated 3.4 million businesses in preparing their financial statements.

Clear and effective communication between audit teams and clients is essential for any successful audit engagement – the key is fostering collaboration, trust, and transparency

The last number of years have presented unique sets of challenges for businesses, whether that be navigating the aftermath of Brexit, the COVID-19 pandemic, increasing energy costs, or spiralling inflation and the associated cost of living crisis. This has led to business leaders making decisions that would have been unheard of a decade ago, and brought with it an ever-increasing level of uncertainty.

UK audit reform has been brewing for quite some time, on the back of large scale corporate collapses such as Carillion and BHS, which had a devastating impact on their employees, suppliers, and investors.

The Financial Reporting Council (FRC) has clarified that climate-related reporting in financial statements will be a key focus area for the regulator this year.

While the finance department will always be required to provide the core responsibilities of operational finance, including reporting and budgeting, organisations are increasingly looking to finance to play a role that goes beyond the traditional remit of the team.

A significant topic in all boardrooms at the moment is the impact of sustainable strategy on business operations and reporting.

Even before the arrival of Covid-19, forward-thinking charitable organisations had already begun to consider how to diversify their income streams. They were looking to step away from traditional fundraising methods, as the early warning signs indicated a waning public appetite for direct debits and voluntary donations