Europe: Accounting and Audit

Each Jersey company must keep accounting records that are sufficient to show and explain its transactions and which...

The International Accounting Standards Board has issued IFRS 20 Regulatory Assets and Regulatory Liabilities, a new standard that will fundamentally change how rate-regulated entities recognize and measure regulatory timing differences.

The European Union's Omnibus package has raised expectations that sustainability reporting will become simpler, yet companies are discovering that the real challenges lie not in regulatory requirements themselves, but in operational implementation. From data availability issues in EU Taxonomy assessments to structural complexities in multi-business corporate groups, organizations face significant hurdles in establishing effective non-financial reporting processes.