In its Annual Review of Corporate Governance Reporting, the UK’s Financial Reporting Council (FRC) acknowledges improvements in reporting quality against the UK Corporate Governance Code by listed entities in that country. It also points out persistent challenges.
The UK Financial Conduct Authority (FCA) has presented insights into how Authorised Fund Managers (AFMs) are aligning with regulatory expectations in their presentation of Environmental, Social, and Governance (ESG) information. The FCA’s evaluation assesses adherence to Guiding Principles provided in a letter sent to AFMs in July 2021.
The UK’s Financial Reporting Council (FRC) recently shared its insights into companies’ initial application of IFRS 17, which marked a shift in insurance contract accounting. The thematic review assesses interim financial statements from ten companies, offering a nuanced view of their IFRS 17 disclosures.
The UK’s Financial Reporting Council (FRC) has launched its 2024 suite of FRC Taxonomies, encompassing UK IFRS, FRS 101, FRS 102, UKSEF, and Charities. The suite incorporates a number of updates.
The UK’s Financial Reporting Council (FRC) is spearheading a ‘materiality mindset,’ designed to push businesses towards a strategic approach to assessing materiality that can result in better reporting.
Continuing the theme, the Financial Reporting Council (FRC) recently released a research report delving into the increased uptake of Artificial Intelligence (AI) and Machine Learning (ML) in the UK actuarial landscape.
On 1 November, the UK’s Financial Reporting Council (FRC) will host a pre-tender market engagement webinar to gain market insight related to the development of an Inline XBRL viewer tool, as part of its Company and Organisational Data Explorer (CODEx) project.
The UK’s Prudential Regulation Authority (PRA) has assessed the effectiveness of its Written Auditor Reporting policy. This policy, designed to enhance dialogue and report quality between auditors and supervisors, has proven highly successful.
The UK’s Financial Conduct Authority is looking for input on ways to improve the NSM, or National Storage Mechanism.
The UK has confirmed that it will be adopting the new international IFRS Sustainability Disclosure Standards, and has proposed an approach and timeline for implementation.
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