Technical roundup 2 October

Sep 30, 2020

Developments of interest this week are outlined. 


  • The UK Financial Reporting Council (FRC) has published two thematic reviews to help companies improve the quality of their corporate reporting in relation to IFRS 15 'Revenue from Contracts with Customers' and IFRS 16 'Leases'.
  • The UK Stewardship Code 2020 sets high expectations of those investing money on behalf of UK savers and pensioners in 12 Principles for effective stewardship. One of the important changes is the introduction of the new annual Stewardship Report. The recently issued Review of Early Reporting seeks to help prospective signatories in their planning by reiterating the expectations for high quality disclosure published in the Code.
  • The UK Endorsement Board invites preparers of financial statements to participate in a survey on IFRS 17



  • The IASB has updated its work plan, which has been analysed to see what changes have resulted since it was last revised in August 2020.
  • The Technology Working Group of the IAASB has released non-authoritative support for using automated tools and techniques when performing audit procedures.