FRS 101 is a framework that allows qualifying subsidiaries to benefit from a reduced disclosure requirement in their individual financial statements. This means that these entities can provide less information in their financial statements, while still complying with accounting standards. The reduced disclosure framework is available to subsidiaries that meet certain criteria, and it can help to simplify the financial reporting process for these entities.
A global perspective on the economic responses to the pandemic
Four years after the start of the pandemic, businesses are seeking to evaluate and extract valuable lessons for the future. The ‘Presumption of Innocence’ podcast recorded in association with HLB explores the global impact of economic responses to the COVID-19 pandemic.
Raising the bar: How SMEs can excel in climate reporting and accountability
As part of Earth Day 2024, we explore the strategic benefits of carbon measurement in ESG compliance for SMEs, not just from a regulatory perspective but as a cornerstone of sustainable business practices that can drive long-term success
IFRS17 and its impact on the Insurance sector
IFRS17, also known as the International Financial Reporting Standard 17, is a set of accounting standards developed by the IASB. They represent a significant overhaul of accounting practices around insurance contracts. So, what do you need to know about IFRS17, how it differs from previous standards, and how should you prepare for implementation?
ESG adoption and Hospitality: The path forward
The most successful and progressive leaders of today are embracing ESG (Environmental, Social, Governance) throughout their businesses in various forms. How can ESG help the hospitality sector address some of its challenges around staffing and costs? Also, what are some specific examples of good ESG practice that can help a hospitality business move forward?
Transaction Outlook 2024
As we enter 2024, the Mergers and Acquisitions (M&A) landscape is on the cusp of change, driven by transformative trends that present strategic opportunities.
Agriculture and Right-to-Repair legislation
Politicians like to stand on the consumer’s side when it comes to purchases and associated performance, which has led to several new “right-to-repair” laws and proposals in recent times. What are some leading right-to-repair developments, and how in particular could they impact agricultural stakeholders?
AI trends to watch in 2024
2023 saw the meteoric rise of generative artificial intelligence (AI) — the novel technology used to create new content and ideas. We identify the top trends shaping the landscape of artificial intelligence in 2024; from groundbreaking algorithm advancements to key ethical considerations, explore the key factors expected to drive AI next year.
Carbon Border Adjustment Mechanism: What does this new tax mean for global business?
The EU has introduced the world’s first carbon border tax, which tries to discourage companies from transferring production of goods to nations that may have lower emission standards. Will this new tax work, how will it impact cross-border trade, and could it be seen as a protectionist measure instead?
China’s new crackdown: What increasing cybersecurity measures mean for trade with China
The Chinese government is considering an amendment to its existing cybersecurity laws, which could lead to a crackdown on companies that fail to comply. Therefore, it’s crucial for companies that either operate in China or want to develop stronger ties within the country to be aware of these amendments and take appropriate action.
Future impacts of Airbnb for tourism, communities and real estate
AirBnB has recently advertised its growth strategy, but has also come under increased scrutiny from regulators. So, what’s the story behind Airbnb, and what impacts will the brand have on future tourism, communities, and real estate markets?
Accounting standard updates: SME standards updates, what does it all mean?
IASB’s recent updates aim to reduce differences from full IFRS Accounting Standards while maintaining simplicity for small businesses. What does this mean?