In other news, we will be publishing two practical guides in June – one on ESEF and one on TCFD – both of which will be mandatory for accounting periods beginning on or after 1 January 2021. The practical guides will address the most frequently asked questions and will help you get ready for the new requirements ahead of next season.
We are also delighted to share that Mei Ashelford, Director of Reporting Intelligence has been appointed to the ICAEW (Institute of Chartered Accountants in England and Wales) Financial Reporting Faculty Board for a three-year term. The Financial Reporting Faculty helps guide its members through the current and emerging reporting requirements and provides them with high quality, up-to-date guidance, and online resources. The Faculty is also responsible for formulating ICAEW policy on financial reporting issues and makes submissions to standard setters and other external bodies on behalf of ICAEW.