The Accountant — a daily ledger of accounting, controls & regulation

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IASB finalises amendments to the fair value option for investments in associates and joint ventures

IASB clarifies fair value option rules for associates/JVs under IAS 28, directly affecting IFRS 18 transition calculations for equity-accounted investments.

ias plus · 1 jun

2827 24 jun the national UAE Central Bank fines foreign bank Dh20m for breaching money laundering rules CBUAE enforcement action signals tightening AML compliance expectations and reporting-officer accountability; patterns of similar penalties inform internal control assessment.

2820 24 jun khaleej times UAE imposes Dh20-million fine on foreign bank for repeated violations UAE regulator enforcement action on a bank operating in the UAE. Provides context on compliance expectations and breach patterns relevant to internal audit and controls.

2691 23 jun frc Sanctions against King & King and Mr Milankumar Patel FRC enforcement action against audit firm and partner; precedent on audit quality standards and auditor accountability.

1987 12 jun the national UAE corporate tax: How one company's bonus could set a precedent Emirates bonus announcement may informally shape FTA interpretation of reasonable employee compensation deductibility. Worth monitoring for transfer pricing and tax-planning implications in your jurisdiction.

1889 11 jun frc Investigations into the conduct of individual accountants, auditors and firms in relation to Market Financial Solutions and connected companies FRC investigation into auditor and accountant conduct signals potential breach of professional standards; comparable cases inform judgement on similar risk areas.

1809 10 jun frc Investigation regarding the conduct of a Member in relation to P&O Ferries Division Holdings Limited FRC enforcement action against an audit firm member over P&O Ferries audit conduct; informs judgement on auditor independence and engagement quality expectations.

1723 9 jun frc Investigation regarding an audit of WH Smith plc by PricewaterhouseCoopers LLP FRC audit investigation signals potential audit quality or judgement issues; informs assessment of similar high-profile client audits and auditor governance.

1059 29 may grant thornton Presentation and disclosure of share-based payment transactions Big 4 guidance on IFRS 2 presentation and disclosure — relevant if your group has material share-based compensation plans.

0955 28 may frc Sanctions against BDO LLP and Geraint Jones UK regulator sanctions against major audit firm and partner; relevant precedent for audit quality expectations and enforcement risk assessment.

0743 24 may the national Who's in charge? Understanding control in UAE corporate tax FTA clarifies substance-over-form test for director and officer roles in connected-party deductions under UAE corporate tax—directly affects transfer pricing compliance and disclosure obligations. ▪ read

0203 17 may icaew UKEB seeks stakeholder engagement on the draft endorsement assessment of IFRS 18 UK endorsement of IFRS 18 is in public comment phase. Material if your group reports under UK-adopted standards or plans a UK subsidiary transition.

0070 10 may uae mof Ministry of Finance announces targeted amendments to eInvoicing system decisions The UAE eInvoicing deadline extension requires accounting service providers to update their compliance schedules and track new implementation dates. ▪ read

0030 1 may frc Findings in relation to Mr Adam and Mr Khan, and confirming enforcement action against three further individuals FRC enforcement action against senior finance officers for accounting failures provides instructive precedent on director duties and integrity standards.

0021 30 apr grant thornton Example Interim Condensed Consolidated Financial Statements 2026 Big 4 worked example showing current IFRS interim reporting format and disclosures—useful reference for drafting your own interim statements.

0018 29 apr grant thornton Classification of income and expenses in the statement of profit or loss Big 4 technical deep-dive on IFRS 18 classification rules—essential reading for P&L restructuring and restatement planning ahead of mandatory adoption. ▪ read

0017 29 apr pwc April 2026: Episode 2 of Decoding IFRS 18 — Lessons from Early Adopting IFRS 18 in PwC's Reinvented Illustratives PwC's worked example and early-adoption lessons on IFRS 18 presentation mechanics offer practical implementation guidance for transition planning. ▪ read

0012 27 apr grant thornton Principal versus agent considerations Big 4 deep-dive on a persistent IFRS 15 application question; resolves real classification disputes in practice. ▪ read

0011 24 apr grant thornton Example Sustainability-related Financial Disclosures 2025 Big 4 worked examples on IFRS S1/S2 application — clarifies practitioner questions on metric selection and disclosure sequencing. ▪ read