United Kingdom

Financial Reporting Publications 

Keep up to date with developments in financial reporting with our publications Breaking News UK and Financial Reporting Update.



New UK GAAP     


Our publication Cutting through UK GAAP discusses in detail the requirements of the new UK GAAP regime (FRSs 100, 101 and 102) applicable for periods commencing on or after 1 January 2015 and summarises the differences between FRS 102, current UK GAAP and EU-IFRS. 


Our second edition, issued in September 2015, includes examples to illustrate the application of the requirements of FRS 102 and our interpretation of those requirements in a number of areas in which the standard is not explicit, necessitating judgement to apply them appropriately.




Breaking News UK     


Breaking News UK is our new monthly bulletin that brings you the latest need-to-know information on UK and international standards in the accounting and regulatory space.


Latest edition:

September 2015


  • Breaking News UK − UK and international financial reporting developments
  • FRC consults on limited amendments to FRS 102
  • ESMA reporting priorities for 2014
  • Revenue for food, drink and consumer goods companies
  • IFRS 9 – interpretative guidance


Read Breaking News











Previous Editions



Financial Reporting Update


Financial Reporting Update examines certain developments in UK financial reporting in more detail.


Latest edition:

December 2014, Issue 2


Holiday pay to include overtime 



Financial reporting update 



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Previous Editions








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A practical guide to the strategic report

A practical guide to the Strategic Report (PDF 706 KB) provides guidance for companies developing their strategic reports, highlighting the key questions for boards to ask as they review their first strategic reports produced under the 2014 FRC guidance.


A practical guide to the strategic report

Guide to Reporting Directors' Remuneration

KPMG's guide to directors’ remuneration reporting examines the requirements and application of the new legislation which applies to quoted companies for periods ending on or after 30 September 2013.

Global IFRS Institute

KPMG IFRG Limited publishes a series of IFRS-related updates, which are available on its web siteIn the Headlines, summarises new exposure drafts and standards issued by the IASB, as well as any other relevant developments affecting current and future IFRS reporters. 

KPMG comment letters

KPMG in the UK submits its views on draft proposals for new and revised standards, interpretations and abstracts published by national standard setters and related organisations.


 UK GAAP Checklist