Financial and corporate reporting updates

FCA proposes mandatory sustainability reporting

UK sustainability reporting & assurance response

In a busy period over the summer, we have responded to a series of much anticipated consultations by the UK government and FRC regarding sustainability reporting and assurance, covering endorsement of reporting and assurance standards, requirements around transition plan reporting and early ideas for an assurance oversight regime for sustainability assurance.

Cyber risks are disclosed on annual reports

Investors and other stakeholders want to understand how cyber and other digital risks affect an organisation and the governance processes in place to manage these risks. We provide top tips for effective reporting on cyber risks by financial institutions in their annual report and accounts.

Monitoring trustee insights on divestitures

Our monitoring trustee team contributed a chapter to the Sixth Edition of Global Competition Review’s Merger Remedies Guide, titled “Overcoming hurdles: insights from a monitoring trustee on effective divestiture implementation”.

Navigating Debt Modifications under FRS 102

In today's unpredictable economic landscape, businesses are not just grappling with slow growth, high interest rates and geopolitical uncertainties - they are navigating a minefield of financial decisions that could make or break their future.

When is a lease not a lease under FRS 102?

A lease is a legal or contractual arrangement in which the owner of an asset grants the use of that asset to another party in exchange for some form of remuneration. Under the Financial Reporting Council (FRC) amendments to FRS 102, the definition of a lease has changed and given the changes to lease accounting, lease classification is more critical than ever.

FRS 102 lease accounting changes 2026

The Financial Reporting Council (FRC) has issued comprehensive improvements to FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. These include amendments to Section 20 Leases, which will be effective for periods beginning on or after 1 January 2026.

FRS 102 revenue accounting changes 2026

The Financial Reporting Council (FRC) has made changes to Section 23 Revenue, as part of its improvements to FRS 102. These changes will take effect for periods starting on or after 1 January 2026.

Prepare for the upcoming FRS 102 changes

FRS 102 is the principal financial reporting standard for entities in the UK and the Republic of Ireland, which is applicable for small, and medium and large-sized enterprises that do not apply IFRS or FRS 101.

Economic Crime & Corporate Transparency Act update

The UK government has introduced the Economic Crime and Corporate Transparency Act to strengthen corporate transparency and combat economic crime. This Act establishes a comprehensive framework aimed at enhancing corporate governance and accountability across the board.

Interim reporting

As we progress through 2025, the interim reporting season becomes increasingly critical. Our overview delves into the evolving macroeconomic landscape and significant legal and accounting updates, focusing on their implications for the interim statements that businesses must prepare.

Achieving audit readiness

Entering an audit without proper preparation can lead to significant delays and increased costs, putting unnecessary strain on your finance team. With evolving financial reporting standards and a growing emphasis on documentation quality, ensuring your business's audit readiness is more crucial than ever.

Company size threshold changes

In December, the government published new legislation to change the thresholds of a company to take effect for accounting periods commencing from 6 April 2025.

Year end reporting: Evolution not revolution

In the ever-changing business landscape, we uncover what is new in front-end annual reporting, the greater focus on smaller companies by the CRR and what’s changed in climate reporting.