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Explore key changes to FRS 102 Section 23, including the new five-step revenue model and its impact on financial reporting in Ireland and the UK.

Explore key changes to small company disclosures under FRS 102 Section 1A, including UK GAAP updates on leases, tax, going concern and related parties.

On 27 March 2024, the Financial Reporting Council issued amendments to FRS 100 – 105 (known as GAAP, or Generally Accepted Accounting Practice), a suite of accounting standards applicable in the UK and Ireland. These are used by an estimated 3.4 million businesses in preparing their financial statements.

On 27 March 2024, the Financial Reporting Council issued amendments to FRS 100 – 105 (known as GAAP, or Generally Accepted Accounting Practice), a suite of accounting standards applicable in the UK and Ireland. These are used by an estimated 3.4 million businesses in preparing their financial statements.

Stay ahead of evolving AML and responsible gambling regulations. Learn how operators can manage compliance risks in a fast-changing global gambling market.

On 27 March 2024, the Financial Reporting Council issued amendments to FRS 100 – 105 (known as GAAP, or Generally Accepted Accounting Practice), a suite of accounting standards applicable in the UK and Ireland. These are used by an estimated 3.4 million businesses in preparing their financial statements.

The FSC recently shared the good and bad practices identified from their February 2023 Conduct Risk thematic review of insurance firms.

Consumer Duty emphasises better consumer outcomes for insurance firms, highlighting fair value, customer support, governance, and compliance strategies for Gibraltar and UK markets.

Prepare for GFSC's delegated underwriting & claims thematic review. Get expert guidance on outsourcing & regulatory compliance.

Ensure your Gibraltar insurance firm is operationally resilient. Expert guidance on meeting GFSC's expectations.

This insight explains the key changes, and the potential implications for entities reporting under Gibraltar Financial Reporting Standards.

The GFSC sets out their areas of focus for 2024 and reflects on their 2023 key themes for insurers in Gibraltar.