The UK Financial Reporting Council (FRC) has published its final suite of updated taxonomies for 2022, having released them for consultation in August. The most notable change is the integration of the Streamlined Energy and Carbon Reporting (SECR) taxonomy, used for mandatory emissions reporting.
If you are engaged in environmental, social, and governance (ESG) reporting in the UK, you may like to get in touch with the Financial Reporting Council’s Financial Reporting Lab. It is seeking companies, service and systems providers, investors and any other interested parties to participate in a new project looking at how companies produce ESG […]
The Financial Reporting Council (FRC) Financial Reporting Lab has published the results of a survey carried out in May 2021.
The UK’s Streamlined Energy and Carbon Reporting (SECR) rules, which came into effect from 1 April 2019, provide an interesting example of mandatory climate reporting and potential insights for other jurisdictions implementing similar regimes.
What do investors want to understand about risks, uncertainties, opportunities and scenarios? That’s a big – and fascinating – question, and one which the UK Financial Reporting Council’s Financial Reporting Lab has tackled in its latest report, seeking to bridge the gap between the information that users want and that companies provide.
For those interested in reporting in the UK, the Financial Reporting Council (FRC) has issued its draft XBRL taxonomies suite for 2022 on the Yeti taxonomy viewer.
Is the UK ready to implement the Inline XBRL-based European Single Electronic Format (ESEF)? What has the experience of filers been like so far, and what further support is needed? If you have thoughts, the UK Financial Reporting Council (FRC) wants to hear them!
The UK’s Department for Business, Energy & Industrial Strategy (BEIS) has published its long-awaited white paper on wide-ranging reforms to the country’s corporate reporting, audit and governance regime, and launched a consultation on the proposals.
A recent paper by Mike Power, professor of accounting at London School of Economics (LSE), argues that the UK needs to address fundamental weaknesses within its financial reporting system.
Many of today’s corporate reporting habits are hangovers from a bygone era before digital technologies crept into every corner of our lives. As such, we have an opportunity to reimagine reporting from the ground up, taking the transformative impact of technological advances into account.
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