The UK Financial Reporting Council (FRC) has published insights to help preparers, investors and other report users understand materiality in annual reporting.
The UK’s Financial Reporting Council (FRC) has published a draft of its 2027 Taxonomy Suite. It’s out for consultation for eight weeks until 20 September, with a final version and feedback statement due in November.
The UK Department of Business and Trade and the business registrar, Companies House, announced on Tuesday that mandatory Inline XBRL filings for all UK companies will commence on 1 April 2028.
The UK’s Financial Conduct Authority (FCA) has made a small change with a big impact in a recent upgrade of the National Storage Mechanism (NSM) – the official repository for regulated disclosures from listed companies. The update makes the structured data in tagged Annual Financial Reports much easier to use.
The UK’s Financial Reporting Council (FRC) has published its latest structured digital reporting review, identifying areas where straightforward improvements could raise the quality, consistency and usability of companies’ digital filings.
Small businesses may not always feel that standard-setters are listening. The Financial Reporting Council (FRC) is making a practical effort to change that, with the launch on 13 April 2026 of a new discussion forum specifically for stakeholders applying Financial Reporting Standard (FRS) 102; the standard underpinning financial reporting for the vast majority of UK […]
The Financial Reporting Council (FRC) has published new guidance to support audit firms in deploying generative and agentic artificial intelligence (AI) tools, marking what it describes as the first guidance of its kind from an audit regulator globally.
The UK’s Financial Reporting Council (FRC) has announced a major overhaul of its audit supervisory model, effective April 2026. The revised framework places firms’ Systems of Quality Management (SoQM) at the heart of supervision, moving away from a more uniform approach towards one that is risk-based, designed to suit the current audit landscape.
On 10 March, HM Revenue & Customs (HMRC) launched a public consultation on changes to company tax returns, with more XBRL data tagging at its heart.
The Financial Reporting Council (FRC) has set out the direction of travel for the next phase of the UK’s digital reporting infrastructure, publishing a feedback statement on proposed technical changes to the UK and Irish Digital Reporting Taxonomy Suite.
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