Who is this article for?

Administrators using UK checklists.

Checklist Author Access is required.

The following guide is for using UK Checklists to highlight non-financial information requirements, with a focus on Environmental, Social, and Governance (ESG) factors. In this article, we'll provide you with practical steps and insights for incorporating ESG compliance into your organization's processes using UK Checklists.

1. UK checklist updates

• The UK checklists now support non-financial information, including climate reporting.
• The FRS 102 checklist was introduced in November 2022, and the IFRS UK checklist is set for release in April 2023.
• This update doesn't introduce entirely new content; it aligns with existing legislation.
• The goal is to minimize tailoring for entity size and type, simplifying compliance with various legislative requirements.

 2. Initial question

• Clients are presented with the first question about including non-financial information.
• They can select Yes for non-financial information or No for the standard checklist.

3. Changing response

• If they initially select Yes but later plan to use the checklist for year-end disclosures, they must re-open tailoring and change their response to No.
• This change triggers additional questions related to assets, liabilities, income, and expenditure, guiding them to the year-end disclosure checklist.

4. Impact of yes

• Choosing Yes results in fewer tailoring questions and fewer main checklist items.
• Clients concerned about missing items should ensure they've correctly answered this initial question.

Follow-up question

• Clients who select Yes encounter a follow-up question, offering the choice of viewing a summary of the required legislation or a summary along with specific disclosure requirements.

5. Further reading

• Creating a checklist
• Review and closing a checklist
• Using a checklist