Financial reporting quarterly update Q1
The preparation of financial statements and annual statutory accounts is a constant part of an accountant's role – especially those working for a small business or advising them. Keep up to date with the changes in financial reporting requirements as well as any small changes in the accounting treatment of many differing areas by registering for these quarterly updates.
This quarter we will cover:
AML / Companies house update:
- Amendment to High-Risk Jurisdictions
- PSC Register Errors
- Continuing problems, and
- The need to report errors that relate to existing clients as from 1 April 2023
- Confirming a clients ‘ID’ at Companies House proposed future requirements
- Other AML Issues
Financial Reporting update:
- Proposed Changes to UK GAAP – Both FRS 102 and FRS 105 are due to change. It is expected that the proposal will not be substantially modified. It is vital that you:
- Know what changes are proposed
- Are able to spot which clients may be ‘adversely’ affected including those that could be pushed into the audit regime
- Are able to reassess whether client might be better to switch to FRS 105.
- Investment Properties – Common Technical Enquiries
- Common Error in FRS 105 and 102 Section 1A financial statements
Other Current Areas
Date: (recording available)
CPD hours: 2
IFA members - £55
Non-members - £79
Interested in all 4? Why not purchase our 2023 Financial reporting quarterly update webinars at a discounted bundle offer of £198 for all IFA members. Contact [email protected] for more information.
About the speaker
Matthew Shaw is the Managing Director of Metis Compliance Limited. He is a Fellow of the Institute of Chartered Accountants in England and Wales and a Fellow of the Association of Chartered Certified Accountants.
He has spent over 23 years in technical and training, previously being the technical director of the HAT Group of Accountants (HAT).
Matthew has lectured to accountants in practice, accountants in industry and financial institutions on UK financial reporting. He also spearheaded HAT’s response to FRS 102 and FRS 102 Section 1A, preparing disclosure checklists and work programmes.