Outsourcing and compliance

Millions of UK businesses took advantage of the Government’s loan and job retention schemes, to protect their operations and staff. But this support will need to be properly reported and accounted for. In the articles on this page, we consider the future role of outsourcing and look at how businesses will remain compliant with financial reporting rules under UK GAAP and IFRS.

Coronavirus and IFRS: financial reporting

18 November 2020

Read our comprehensive guide on how coronavirus has impacted IFRS and the implications for financial reporting, outlining the areas you need to be aware of and how to stay on top of your compliance requirements.

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Coronavirus and FRS 102: financial reporting

20 November 2020

It’s quite clear that coronavirus is a devastating, exceptional and extraordinary worldwide event which will have a significant financial impact on many entities. The financial reporting implications of coronavirus, together with the Government support, could prove challenging.

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Coronavirus: Expectations on going concern risk and viability

29 July 2020

The Financial Reporting Council’s Lab have produced a report on the impact of coronavirus on the disclosure of going concern, risk and viability. The report contains many useful examples of how different companies have dealt with the reporting challenges.

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Coronavirus: Investor expectations

29 July 2020

We outline the key messages from the Financial Reporting Council (FRC’s) report which describes the reporting expectations of investors during the coronavirus crisis.

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Reactivating and reimagining the finance function – A pivotal role for outsourcing?

09 June 2020

How will finance teams get on their feet post-coronavirus? We explore how companies could reimagine how their finance function to better serve the business at the dawn of the 'new normal'.

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