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Financial reporting update (April 2026)
This publication highlights key changes in accounting standards, regulations and guidance to help you navigate a shifting landscape.
In this edition, we cover the following recent financial reporting updates, guidance and emerging issues, among other matters:
- Proposed amendments to the fair value option in IAS 28
- Accounting considerations related to geopolitical events and uncertainty
- Financial Reporting Council (FRC) updated strategic report guidance and FRC updated guidance on ‘comply or explain’ reporting
- UK government publishes the finalised versions of UK SRS S1 and UK SRS S2
- Amendments to FRS 102 and FRS 105 - Adapted formats
- FRS 102 illustrative financial statements based on FRS 102 as amended by the 2024 Periodic Review Amendments