IFRS16: what does the FRC expect?

Given the amount of work being generated by IFRS16 implementation, it’s understandable if you’re finding it difficult to keep up with all the latest advice and documentation.

So here are two key publications which we’d like to draw to your attention:

1. FRC year-end advice to preparers in advance of the 2018/19 reporting season
2. FRC Thematic Review – Disclosures relating to the implementation of IFRS16 within 2019 interim accounts

These make it clear that the Financial Reporting Council (FRC) are expecting much more than what they refer to as the “boilerplate description of the effects of IFRS16” for both the 2018 Final and the 2019 Interim Accounts.

Please contact your Account Manager if you want to know more about our market leading IFRS16 add-on solution.

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Trace Solutions – Keeping Up to Date with Legislative Change

Trace Solutions are committed to maintaining an up-to-date, functionally rich, property management and accounting system. As a key element of that process, we monitor upcoming regulatory changes, from their first notification by regulatory bodies, through consultation, to final publication.

Throughout this process, we seek to add value to our clients by bringing to their attention other miscellaneous items of importance which may have escaped their notice.