News & Insights

Mercia and dnl have announced a partnership to integrate Mercia’s UK disclosure checklists into the dnl AI audit platform.

The revised FRS 102 marks one of the most significant updates to UK GAAP in recent years. With fundamental changes to lease accounting and revenue recognition, the amendments bring the standard closer to IFRS while introducing new levels of complexity for preparers and auditors alike.

The publication of the Charities SORP 2026, in turn based on the revised FRS 102, along with uplifts to various thresholds for many charities depending on the jurisdiction, marks one of the most significant overhauls of UK charity reporting in over a decade.

Get the latest Tax updates from out May Newswire.

Get the latest Auditing, Accounting and Compliance updates from out May Newswire.

HMRC has created a special page on their website, devoted to mandating the reporting of benefits in kind and expenses through payroll software from 2027. The guidance does not answer every question as yet but will no doubt be amended many times on the way to implementation.