
Episode #134
Modernising Corporate Reporting Consultation
Lee Eagling, A&A and Compliance Technical Consultant at Mercia Group, gives his initial reaction to the government's long awaited consultation on modernising corporate reporting. Seventy pages, sixty questions, and just about everything on the table. In this episode: Bringing company law and financial reporting requirements under one roof Reshaping the frameworks: UK endorsed IFRS, FRS 102, UK GAAP for SMEs and FRS 105 Diluting true and fair for SMEs, and what that could mean for the quality of financial statements Medium entities moving closer to the small company regime, with knock on audit implications Replacing distributable profits with a solvency test for declaring dividends Redefining headcount on a full time equivalent basis The consultation closes on 30 November. You do not need to answer every question, so pick the ones that matter most to you. Mercia will be submitting a response and would welcome your views. Join us this autumn: Accounting: what's new for autumn 2026 Accounting and audit: what you need to know in autumn 2026 For more information on this topic and more, please visit www.mercia-group.com for further details.






