Navigating compliance: Financial reporting

What's inside:

We cover the latest developments in the regulations and principles to ensure good quality and transparent annual reports, including: 

• IFRS Accounting Standards
• UK GAAP
• Developments in sustainability and climate-related reporting
• Other developments and guidance  

Compliance has never been more complex. Busy finance teams must stay abreast of changing rules governing their financial reporting, while managing high workloads.

For regulators and stakeholders, they need to demonstrate transparency, accountability and control to manage risks and build confidence. Effective reporting can strengthen trust and provide a platform for growth. But busy teams with competing priorities need to know where to focus. 

First things first

Our financial reporting guide brings together the key developments in the evolving regulatory landscape. We want to help finance teams know where to focus their attention and see where they may need support.

It details all the key changes, with effective dates for the UK and EU. We summarise: 

• Upcoming new or revised IFRS Accounting Standards
• Significant IASB exposure drafts and discussion papers
• UK GAAP developments with effective dates beginning on or after 1 January 2026
• Sustainability and climate-related disclosures and assurance reporting requirements including IFRS S1 requirements and IFRS S2 disclosures, and the FRC thematic review on climate related disclosures
• Other developments, including FRC Updated Strategic Report Guidance, the QCA Corporate Governance Code 2023, other FRC guidance and The Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024

Taking action

If your business hasn’t yet reviewed its accounting policies in light of the FRS 102 changes, now is the time. Our experts can help you assess the impact, update your disclosures and ensure your financial statements reflect the new standards.

We support organisations with tailored accounting advisory services—from interpreting the new FRS 102 revenue recognition model to implementing lease accounting systems and reviewing reverse factoring arrangements.

Download the guide today 

Complete the form above and download the guide to find out where your finance team needs to focus to ensure compliance and clarity in your financial reports.  

Or you can start the conversation with our expert advisers. For more information on how S&W can support you, please contact Dominic Longley, Partner in Accounting Advisory.