06 August 2021 
Matt Sisson, Projects and Membership Manager
The summer edition of the Financial Reporting Group’s newsletter comes after another unusual year and I wonder whether this sets a new framework for Business as usual. We continue to see changing working arrangements because of Covid19 and the flexibility it has shown we can support. As we complete our year ends and prepare for the next round of external audits, decisions about how and where the work gets done will be varied across different providers.
What you can expect this year is a continued focus on going concern; public interest disclosures such as the access and participation funds, salaries, and pension schemes. You should also prepare for more challenges in relation to assumptions, judgements, and estimates. Once again, we are supported by the advice prepared and made freely available by the audit firms, the FRC, and the accountancy institutes. We urge you to consult as many as you can as you end.
The BUFDG FRG, made up of BUFDG members, colleagues from the audit firms and regulators continue to consider issues that affect HEIs in particular. On behalf of all BUFDG members, thank you to them all for their contributions this year. And to everyone else, happy reporting cycles, see you on the other side.
Erica Conway FRG Chair (FD University of Birmingham)
