Accounting and auditing update 2025

This event was recorded on 16 Dec 2025

Overview

With the FRC’s periodic amendments to UK and Ireland GAAP coming into mandatory effect in 2026, it is crucial that preparers have a sound understanding of how those amendments will affect financial statements. In addition, auditors will need an awareness of the changes to ensure that they have been reflected correctly in financial statements.

This one-day course combines an even mix of accounting and auditing updates, including:

• The FRC’s periodic review including lease accounting and revenue recognition
• FRC recent updates
• Change in company size thresholds and how these are to be implemented
• FRS 102 versus FRS 105
• Financial instruments
• Disclosure issues in financial statements
• Auditing revenue recognition accounting policies and estimates
• Auditing SMEs
• Recap on audit planning and how this can be done effectively
• Audit completion issues including going concern and subsequent events
• Gathering sufficient appropriate audit evidence
• Audit reporting including using Emphasis of Matter paragraphs and other paragraphs in the auditor’s report

Steve Collings

Steve Collings FCCA is a director at Leavitt Walmsley Associates Ltd, a firm of Chartered Certified Accountants based in Sale, Cheshire where he trained and qualified.

Steve specialises in financial reporting (UK GAAP and IFRS), auditing and solicitors’ accounts rules and has lectured extensively to professional accountants in the UK and overseas (most recently in the Caribbean on IFRS and auditing).

Steve is the author of several books on accounting and audit-related issues and has been the author of many articles and whitepapers on financial reporting and auditing topics. He writes extensively for ACCA working closely with our technical advisory department to produce some of our authoritative technical factsheets on financial reporting and audit-related issues for our members. Steve has been awarded Accounting Technician of the Year at the British Accountancy Awards as well as receiving Outstanding Contribution to the Accountancy Profession award.

Steve is on the UK GAAP Advisory Panel at the Financial Reporting Council which has input into the development of UK and Irish accounting standards

6 CPD units

ACCA members can use this learning to meet their CPD requirements provided it is relevant to their career. If the event contributes to general knowledge and skills, it should be recorded as non-verifiable CPD. If the learning can be applied in the workplace, it will contribute to verifiable CPD.

1 hour of learning = 1 unit of CPD.

Fee: 133 GBP + VAT (159.6 GBP) per delegate

Please note: If you're unable to attend the live webinar, a recording will be available on demand within 24 hours. You'll have access to the sessions for a full 12 months.

The webinar handout material will be available on the webinar platform when you log in to view the session.

If you wish to view or download handout materials, before starting the webinar, they will also be available through your document library on https://events.accaglobal.com

This event is organised by ACCA UK Continuous Learning Team.

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