Technical roundup 31 May

May 29, 2019

Developments of interest this week are set out below.   



  • The Financial Reporting Council (FRC) have issued Amendments to FRS 102 – Multi-employer defined benefit plans. These narrow-scope amendments respond to a current financial reporting issue regarding where to present the impact of an employer’s transition from defined contribution accounting to defined benefit accounting; it shall be presented in other comprehensive income.
  • The FRC has published its Plan & Budget for the coming year, with a commitment to push forward quickly its transition to the new regulator, the Audit, Reporting and Governance Authority (ARGA). This work will progress alongside the extensive reform programme already in place in relation to the audit market.  



  • The Sus­tain­abil­ity Accounting Standards Board (SASB) and the Climate Dis­clo­sure Standards Board (CDSB) have jointly released the TCFD Im­ple­men­ta­tion Guide intended to help companies to more ef­fec­tively take the TCFD rec­om­men­da­tions from prin­ci­ples to practice.