News August 2021



28 October 2021
The Financial Reporting Lab (the Lab) has published a report to help companies prepare for mandatory TCFD reporting.  It includes practical advice and examples that better address aspects of TCFD reporting from those companies already adopting the framework on a voluntary basi...
News - Corporate Reporting
27 October 2021
The Financial Reporting Council (FRC) has today published its Annual Review of Corporate Reporting, which outlines the FRC’s ‘top ten’ areas where improvements to reporting are required. These include reporting on judgements and estimates, revenue and cash flow statements.
News - Accounting - Audit Monitoring - Auditing - Corporate Governance - Corporate Reporting - Financial Reporting - Going Concern
22 October 2021
The Financial Reporting Council (FRC) has today published its annual report to the Secretary of State for Business, Energy, and Industrial Strategy (BEIS) on how the FRC has discharged its oversight responsibilities in 2020/21.
News - Accounting - Auditing
21 October 2021
The Financial Reporting Council (“FRC”) has commenced an investigation in relation to the audit conducted by BDO LLP of the consolidated financial statements of NMCN plc for the year ended 31 December 2019.
News - Accounting - Auditing - Discipline
20 October 2021
The executive of the Joint Forum on Actuarial Regulation (JFAR) has approved the formation of a task force to investigate, report, and publish a deep dive on the science of climate change.
News - Actuarial
14 October 2021
The Financial Reporting Council (FRC) has today published the findings of its review into IAS 37 ‘Provisions, Contingent Liabilities and Contingent Assets’, which has been identified as a recurrent problem area by the FRC. 
News - Accounting - Corporate Reporting
13 October 2021
The FRC has today published the report of the Independent Disciplinary Tribunal detailing its findings of Misconduct by KPMG LLP (KPMG) and David Costley-Wood (former Head of KPMG Manchester Restructuring) together with sanctions, in relation to the Silentnight group of compan...
News - Accounting - Discipline
12 October 2021
The FRC’s Lab (Lab) has today published a report that supports companies in the move towards high-quality digital reporting. The Lab review of fifty early structured reports found that many reports fell short of the quality that will be expected for companies’ official filings.
News - Financial Reporting
11 October 2021
The FRC invites you to attend a webinar to discuss the findings from its recent corporate reporting thematic reviews.
News - Accounting - Auditing - Corporate Reporting - Financial Reporting
8 October 2021
The FRC has today published the 2022 taxonomy suite.
News - Accounting - Auditing