IRIS Autumn 2020 Service Pack Release v20.3.4
The IRIS Accountancy Suite Autumn Service Pack release version 20.3.4 includes resolutions to a number of issues. It also includes some vital updates including those listed below:
IRIS Accounts Production
Audit Report (Charities)
As part of the FRC 2020 Bulletin “Conclusions relating to going concern” paragraph the standard texted has been updated.
ISA (UK) 570 (Revised September 2019) – Early Adoption, this data screen has been removed for periods on or after 15th December 2019 as this is mandatory after this date.
Average Number of Employees – iXBRL validation
Limited Companies - following Companies House introducing the requirement to electronically validate the average number of employees within accounts submissions this release includes a solution to prevent iXBRL tags being inadvertently removed if the additional replacement note that has been selected in the data screens.
Charities – In a similar vein, this release includes the relevant iXBRL tags and validation to ensure charity accounts can be submitted without issue.
FRS101 and FRS 102 Reduced Disclosure Exemption Update
As part of the Reduced disclosure Framework 2019/20 cycle we have updated the FRS101 and FRS 102 Data Screens to reflect changes in legislation.
Pensions Scheme Accounts – Report of Auditors, Going Concern Data Screens
When preparing Pension Scheme Accounts, the data screens for Report of the Auditors, going concern were incorrectly duplicated, this has now been resolved.
When using 2 factor authentication the screen became unresponsive, this has now been resolved.
When importing from Xero the trial balance returned the latest period/year rather than the one requested, this has now been resolved.
IRIS Company Secretarial
Brexit End of Transition Period
Should the United Kingdom leave the European Union without a withdrawal agreement then from 1st January 2021 a range of Companies House forms will no longer be compliant and will be rejected in both electronic and paper form. This release will provide you with the new forms in the situation they are required.
IRIS Practice Management
Bulk update the statutory deadline on jobs
On the 25 June 2020 measures were introduced by The Corporate Insolvency and Governance Bill to automatically extend deadlines for certain filings required by the Companies Act, these which include:
- Confirmation Statements
- Notices of related relevant events
- Registration of charges
For Accounts submissions a 3-month extension applies to private limited companies and LLP’s with filing deadlines between the 26 March 2020 and 05 April 2021.
Deadlines for other documents filed to Companies House such as the Confirmation Statement (CS01) have increased from 14 days to 42 days.
To help adopt these new changes, we have included new functionality within the Job Planning screen that will allow users the ability to apply these changes to jobs in bulk.
For more help click here.