The UK Financial Reporting Council’s Lab – designed as a workshop space for investors and companies to work together on solutions for reporting needs – has published its latest insight into emerging artificial intelligence in reporting.
The UK’s Levelling Up, Housing and Communities Committee (LUHCC) is launching an inquiry into financial reporting and audit in local authorities following calls for more understandable local authority financial statements.
The Bank of England is undertaking research into voluntary climate-related disclosures of UK financial institutions via machine learning. The research aims to understand asymmetries between firms and investors, look at how disclosure practices differ across firms, and to shed light on the decision of whether to make climate-related reporting mandatory.
The UK Financial Reporting Council (FRC) has re-released an updated version of the 2023 taxonomy suite following an issue.
While some regulators and stakeholders within the disclosures world see the increase in sustainability reporting as something that should solely reflect financial risk and opportunity, others see additional Environmental, Social, and Governance (ESG) reporting requirements as an opportunity to nudge behaviour.
Innovate Finance recently shared a useful comment response to the UK Financial Conduct Authority (FCA) consultation paper Sustainability Disclosure Requirements and investment labels.
The UK government recently published a policy paper thinking through its digitalisation and data strategy and outlining its next steps to improve in this area.
The UK’s Financial Reporting Council (FRC), which published its first Statement of Intent on Environmental, Social and Governance (ESG) in 2021, has updated its earlier statement setting out the areas that remain challenging in ESG reporting.
The UK’s Financial Reporting Council’s (FRC) has an upcoming webinar, that will analyse what has been achieved so far, and what comes next for environmental, social and governance (ESG) reporting in the UK.
Filers based in the UK should be aware of a recent update from HM Revenue & Customs (HMRC) indicating that due to a technical problem, HMRC are unable to accept accounts tagged with the Financial Reporting Council 2022 Taxonomy.
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