Financial Reporting And Auditing Technical - Archives

Insight Training Financial Reporting And Auditing Technical Archives

11 July 2025

When an entity becomes a Registered Social Landlord during the financial year, the Housing SORP should be applied at year end. The Housing SORP is strict on registered charitable social housing providers applying the SORP and it being applied in full once they are registered. A key consideration is that the Charity SORP and the Housing SORP require different accounting treatments for government grants. The Charity SORP states that the use of the accrual model for recognition of income from government grants is not permitted, therefore the performance model must be used. Whereas, the Housing SORP states that where housing properties are measured at cost, the accrual method must be used and where housing properties are measured at valuation, the performance model must be used.

11 July 2025

THE PENSIONS SORP CONSULTATION – THE HEADLINES

The Pensions Research Accountants Group (PRAG) recently launched a consultation on proposed changes to the Statement of Recommend Practice, Financial Reports of Pensions Schemes 2025 (the […]

11 July 2025

Journals Testing - Raising The Bar - Insight Training

11 July 2025

Auditing Trade Creditors

In this month’s vlog, Maya Norbury goes back to basics on auditing trade creditors. https://youtu.be/H2kwbOheK_4

16 June 2025

Small Company Reporting FAQs

16 June 2025

THE FRS 102 PERIODIC REVIEW – WHAT IT MEANS FOR SECTION 1A

The revenue and leasing changes within the FRS 102 periodic review continue to prompt lots of discussions on courses, but what about changes to FRS 102 […]

16 June 2025

Ethics In Focus - Insight Training

16 June 2025

REVISED ICAEW CODE OF ETHICS

In this month’s vlog, Peter Herbert discusses the revised ICAEW code of ethics.

15 May 2025

39 Auditing revenue

15 May 2025

FRS 102 PERIODIC REVIEW – REVENUE RECOGNITION

As the implementation of the FRS 102 periodic review gets closer, we are getting lots of questions on courses about the new ‘five step model’ for […]

14 May 2025

Audit sampling | Insight Training

14 May 2025

AUDIT MATERIALITY: BACK TO BASICS

In this month’s vlog, Peter Herbert goes back to basics on materiality and performance materiality.

8 April 2025

Charity Accounting Conundrums - Insight Training

8 April 2025

The Charity SORP Consultation

In this month’s vlog, Peter Herbert discusses the charity SORP consultation.

8 April 2025

What Makes A Good Audit Manager?

8 April 2025

Becoming a Good Audit Manager

What’s the job of an audit manager? And what makes a good one? You might be an audit manager already, aspire to be one or perhaps […]

13 March 2025

Audit update

13 March 2025

Changing size limits

In this month’s vlog, Maya Norbury discusses the upcoming changes to company size thresholds.