World Accounting Report

After a long delay, the UK Government has finalised its plans for reforming the UK audit profession and the FRC, and enhancing corporate reporting. Reactions to the announcement are mixed, with many saying that the reforms have been watered down,..

The IASB has been developing a new accounting model for banks’ interest rate hedging activities for some time now. The model has to take into account the way in which banks manage their exposures, and to arrive at an accounting outcome that aligns..

In a brief meeting, the FASB decided to add a project on environmental credits to its technical work agenda. In May 2022, the FASB discussed accounting for financial instruments with environmental, social, and governance (ESG)-linked features and..

Two recent announcements from the IFRS Foundation shed more light on the way forward for the new International Sustainability Standards Board (ISSB) and on the future of integrated reporting. The staff have also published a request for feedback on a..

A number of organisations set corporate reporting standards or guidelines related to ESG issues. These bodies have been referred to as an alphabet soup of acronyms: the Task Force on Climate-related Finance Disclosures (TCFD), Sustainability..