Hot Topic publication: Key Highlights Checklist from the FRC’s Annual Review of Corporate Reporting 2020/21
This publication looks at the top ten areas of improvement highlighted by the Financial Reporting Council (FRC) in its Annual Review of Corporate Reporting for 2020/21, setting out a checklist of what companies should be providing, and avoiding, in their forthcoming annual reports.
The top ten topic areas are:
Please use this link to view the Hot Topic publication:
The Government has withdrawn draft legislation, which was published in July 2023, that set out additional corporate reporting requirements as a result of the original consultation published back in March 2021 Restoring trust in audit and corporate governance on strengthening the UK’s audit, corporate reporting and corporate governance systems. The Government has announced the withdrawal after its […]
The Government has published its response Restoring trust in audit and corporate governance to the original consultation published back in March 2021 Restoring trust in audit and corporate governance on strengthening the UK’s audit, corporate reporting and corporate governance systems. Unquestionably the White Paper has a primary focus on audit reform, however there are some […]
In April 2021, the IFRS Interpretations Committee (Committee) issued an agenda decision regarding how to account for configuration or customisation costs associated with software purchased from a supplier in a Software as a Service (SaaS) arrangement (i.e. a cloud-based computing arrangement), specifically considering: Whether to recognise a separate intangible asset for the costs of configuring […]
At the May 2021 International Accounting Standards Board’s (IASB) meeting, the Board members continued their redeliberations on the proposals set out in the exposure draft: General Presentation and Disclosures (ED), which was published in December 2019 (and was open for comment until 30 September 2020). For a summary of the original proposals, please refer to […]
The Financial Reporting Council (FRC) has published Amendments to FRS 102 and FRS 105 – COVID-19-related rent concessions beyond 30 June 2021 that extends the application period, by one year, of the requirements that deal with the accounting for Covid-19-related temporary rent concessions under FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS […]
At the March 2021 International Accounting Standards Board’s (“IASB”) meeting, the Board members began the anticipated task of redeliberating the proposals set out in the exposure draft: General Presentation and Disclosures (“ED”), which was published in December 2019 (and was open for comment until 30 September 2020). For a summary of the original proposals, please […]
This publication looks at the key disclosure expectations, in relation to the impact of Covid-19, that companies should focus on when preparing their forthcoming annual reports. Please use the following link to view the Hot Topic publication: https://blogs.mazars.com/mindthegaap/files/2020/11/Hot-Topic_Impact-of-Covid-19_Key-Disclosure-Expectations.pdf
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