Access key links:

Financial Reporting

Displaying 1 to 25 of 25 results
DescriptionURNPublishedFormatAction
A user's guide to late payment legislation: the Late Payment of Commercial Debts (Interest) Act 1998, as amended and supplemented by the Late Payment of Commercial Debts Regulations 2002. (PDF) (link opens in a new window)

Guidance about the how the legislation on the late payment of commercial debts will work from 7 August 2002. It is relevant to businesses of all sizes and public sector bodies.

Internet only 		02/88330-04-2002 A4
24 Pages
Amendment of restrictions for companies moving between IFRS and UK GAAP: impact assessment. (PDF) (link opens in a new window)

Assesses the costs and benefits appraisal of options to allow companies more flexibility to change their accounting framework from International Financial Reporting Standards (IFRS) to UK Generally Accepted Accounting Practice (GAAP). Aims to allow companies to select the accounting framework most appropriate for them, whilst continuing to insist on reporting that allows shareholders to hold directors to account. See also the related consultation document (URN 11/1193).

Internet only 		11/119506-10-2011 A4
19 Pages
Audit exemptions: impact assessment. (PDF) (link opens in a new window)

Assesses the costs and benefits of options to reduce the number of UK small and medium-sized enterprises (SMEs) and subsidiaries required to undertake an audit. Aims to make UK audit requirements more flexible to companies in response to a market inequality relating to EU requirements. See also the related consultation document (URN 11/1193).

Internet only 		11/119406-10-2011 A4
22 Pages

EUROPEAN COMPANY LAW AND CORPORATE GOVERNANCE

Companies (Reduction of Capital Regulations) 2008: draft regulations. (PDF) (link opens in a new window)

Draft regulations amending creditor protection arrangements in the Companies Act to reflect a shift in the burden of proof from the company to the creditor in the case of a reduction in capital.

Internet only 		07/142910-10-2007 A4
14 Pages
Company reporting: a consultation on extending use of summary financial statements and other minor changes. (PDF) (link opens in a new window)

Closed consultation. This consultation covers changes to the Companies Act 1985 concerning summary financial statements. It also covers three other minor amendments that are consequential on the introduction of IAS. Consultation period ended 10 June 2005.

Internet only 		05/90018-03-2005 A4
92 Pages
Consultation on audit exemptions and change of accounting framework. (PDF) (link opens in a new window)

Closed consultation that requested views on proposals to reduce the number of UK small and medium sized enterprises and subsidiaries required to undertake an audit. Also sought views on a change in the law to allow companies more flexibility to change their accounting framework from International Financial Reporting Standards (IFRS) to UK Generally Accepted Accounting Practice (GAAP). See also the response form (11/1196) and impact assessments on audit exemption (URN 11/1194), and on the change of accounting framework (11/1195). Responses were due by 29 December 2011.

In stock 		11/119306-10-2011 A4
32 Pages 		Add to basket
(FREE)
Co-ordinating group on audit and accounting issues: final report to the Secretary of State for Trade and Industry and the Chancellor of the Exchequer. (PDF) (link opens in a new window)

Final report of the Co-ordinating Group on Audit and Accounting Issues (CGAA), set up by the Secretary of State and the Chancellor in the wake of the collapse of Enron.

Internet only 		03/56729-01-2003 A4
103 Pages
Co-ordinating group on audit and accounting issues: interim report to the Secretary of State for Trade and Industry and the Chancellor of the Exchequer. (PDF) (link opens in a new window)

Interim report of the Co-ordinating Group on Audit and Accounting Issues which sets out the issues identified for review and the actions in hand or planned to address them. It also considers the response of the US and international regulators to the collapse of Enron.

Internet only 		02/109224-07-2002 A4
77 Pages
Directors' views on accounting and auditing requirements for SMEs. (PDF) (link opens in a new window)

Report of a study to investigate directors' views on current accounting and auditing requirements for small and medium-sized enterprises (SMEs) in UK company law and draft simplification proposals made by the European Commission in July 2007. Also identifies changes in the financial reporting practices of companies that had participated in a previous study which focused on issues relating to raising the audit exemption thresholds.

Internet only 		09/60113-03-2009 A4
69 Pages
Draft Statutory Instruments. The Companies Act 1985 (Annual Return) Regulations 2008. (PDF) (link opens in a new window)

Draft regulations on changes to the information that companies must include in their annual return. See also explanatory note URN 08/909X and impact assessment 08/908.

Internet only 		08/90702-05-2008 A4
4 Pages
Extending use of summary financial statements and other minor changes: Summary of responses to consultation. (PDF) (link opens in a new window)

Summary of responses to the consultation document (URN 05/900).

Internet only 		05/137331-07-2005 A4
13 Pages
Final regulatory impact assessment on the audit exemption threshold. (PDF) (link opens in a new window)

Assessment of the regulatory impact of the increase in the audit exemption threshold.

Internet only 		04/62831-01-2004 A4
16 Pages
Final regulatory impact assessment on the exercise of member state options in the international accounting standards (IAS) regulation. (PDF) (link opens in a new window)

RIA discusses the costs and benefits of the exercise of member State options in the IAS Regulation.

Internet only 		04/166901-10-2004 A4
17 Pages
Final regulatory impact assessment on the thresholds defining small and medium sized companies. (PDF) (link opens in a new window)

Regulatory impact assessment on the proposed increases to the small and medium sized company thresholds.

Internet only 		04/60731-01-2004
11 Pages
Final regulatory impact assessment on the use of fair value accounting for certain financial instruments for companies and building societies. (PDF) (link opens in a new window)

RIA for the Companies Act 1985 (international accounting standards and other accounting amendments) Regulations 2004 and the Building Societies (accounts and related provisions) (amendment) Regulations 2004 implementing the Fair Value Directive.

Internet only 		04/166801-10-2004 A4
13 Pages
Final regulatory impact assessment: the Companies Act 1985 (Small Companies' Accounts and Audit) Regulations 2006. (PDF) (link opens in a new window)

Costs and benefits appraisal of the Companies Act 1985 (Small Companies' Accounts and Audit) Regulations 2006. Statutory Instrument 2006 No. 2782.

Internet only 		06/201816-10-2006 A4
13 Pages
Guidance on changes to the accounting and auditing requirements for certain small financial services companies and LLPs. (PDF) (link opens in a new window)

Guidance, updated November 2007, on the changes to the accounting, reporting and auditing requirement for small companies in the Companies Act 1985, which come into force on 8 November 2006.

Internet only 		06/2025X27-11-2007 A4
7 Pages
Impact assessment of The Companies Act 1985 (Annual Return) Regulations 2008. (PDF) (link opens in a new window)

Assessment of the impact of changes to the information that companies must include in their annual return. See also draft regulations URN 08/907 and explanatory note 08/909X.

Internet only 		08/90802-05-2008 A4
6 Pages
Inquiry by the House of Lords Economic Affairs Committee on ‘Auditors: market concentration and their role’: Government memorandum of evidence. (PDF) (link opens in a new window)

BIS memorandum of evidence for the House of Lords Economic Affairs Committee inquiry into auditors. Looks at the role of auditors after the financial crisis, the Government's role in regulating audit, and mandating and maintaining the independence of auditors.

Internet only 		10/126711-11-2010 A4
11 Pages
Modernisation of accounting directives / IAS infrastructure: a consultation document. (PDF) (link opens in a new window)

Closed consultation. A consultation document on the implementation of the accounting modernisation directive and arrangements for the use of IAS (international accounting standards) for companies and building societies. Small Business summary also available (URN 04/819). Consultation period ended 2 July 2004.

Internet only 		04/73315-03-2004 A4
136 Pages
Review of the regulatory regime of the accountancy profession: legislative proposals. A consultation document. March 2003 (PDF) (link opens in a new window)

Closed consultation. Seeks views on the case for legislative provisions to support various functions of the new independent regulator for the accountancy and audit professions. Areas discussed by the document include the inspection of the audit of listed companies and other major entities, independent investigation and discipline arrangements and the power for the regulator to raise funds. Consultation period ended 10 June 2003.

Internet only 		03/71707-03-2003 A4
48 Pages
Review of the regulatory regime of the accountancy profession: legislative proposals. Report on the public consultation and the Government's conclusions. (PDF) (link opens in a new window)

Sets out the Government's response to the results of the consultation in March 2003 on legislative proposals to support the new regulatory regime for the accountancy and audit professions.

Internet only 		04/53713-02-2004 A4
29 Pages
The Companies Act 1985 (Annual Return) Regulations 2008: explanatory note. (PDF) (link opens in a new window)

Explanation of proposed changes to the information that companies must include in their annual return. See also draft regulations URN 08/907 and impact assessment 08/908.

Internet only 		08/909X16-05-2008 A4
2 Pages
The registration of companies' security interests (company charges): regulatory impact assessment. (PDF) (link opens in a new window)

This RIA concerns the proposal to reform the law relating to the registration and priority of companies' security interests (commonly called company charges). The primary objective is to facilitate company borrowing for the benefit of both creditors and debtors and hence the whole economy.

Internet only 		05/136618-07-2005 A4
106 Pages
UK Government response: European Commission's green paper on audit. (PDF) (link opens in a new window)

Response from the UK Government to the green paper on audit by the European Commission. Includes the Government memorandum of evidence submitted to the House of Lords Economic Affairs Committee on the market concentration and role of auditors on 10 September 2010.

Internet only 		10/134610-12-2010 A4
27 Pages