April 16, 2025 – RSM UK, a leading provider of audit, tax, and consulting services, is collaborating with Trullion, the AI-powered accounting platform, to help businesses navigate the evolving financial reporting landscape. The agreement comes at a key time as organizations in the UK prepare to comply with the new version of FRS 102, a significant shift in UK accounting standards. This collaboration brings together RSM’s expertise in financial accounting with Trullion’s cutting-edge technology to support businesses in ensuring compliance with greater accuracy and efficiency.
“Working your way through the leases, calculating what the adjustments are, and creating the resulting journals can consume hundreds of hours annually. This is where AI can really make a difference, and Trullion brings those advanced capabilities,” said Danielle Stewart OBE, Partner, Head of Financial Accounting Advisory Services at RSM UK. “Spending manual effort to comply with lease accounting requirements makes no sense with today’s advancements. . As an industry we went through it during the implementation of IFRS 16, and we don’t want to suffer like that again! With FRS 102 moving to full on balance sheet lease recognition, RSM are going to get the job done efficiently for our clients by using the most modern technology.”
This collaboration is more than an integration of expertise—it’s a step toward a new vision for the future of accounting. As financial reporting regulations evolve, businesses require greater transparency, automation, and strategic insights to stay compliant without increasing their operational burden.
“We believe that technology should empower accounting teams, not burden them with complexity. This collaboration with RSM UK is a testament to our shared mission of making financial compliance seamless, intuitive, and future-ready,” said Isaac Heller, CEO and Co-Founder of Trullion. By leveraging Trullion’s AI-powered platform, RSM clients can automate complex lease accounting, and enhance financial reporting accuracy—all while staying ahead of regulatory changes.
The FRS 102 amendments set to take effect in January 2026 mark a major evolution in UK financial reporting, bringing substantial changes that will reshape compliance standards in the coming years. These changes will impact 3.4 million businesses, requiring a fundamental transformation around how companies account for leases, revenue recognition, and financial statement disclosures. With compliance deadlines fast approaching, organizations must act soon.
Key changes include:
- On-balance sheet lease accounting: Similar to IFRS 16, businesses must now record leases as assets and liabilities, impacting EBITDA, debt covenants, and financial ratios.
- A new five-step revenue recognition model: Aligning with IFRS 15, this change affects how companies recognize income from contracts with customers.
- Enhanced transparency requirements: Updates in fair value measurement, supplier finance arrangements, and share-based payments will require greater reporting clarity.
By partnering with RSM UK and Trullion, businesses can turn these regulatory shifts into an opportunity for transformation. Trullion’s AI-powered automation simplifies lease accounting, eliminating manual inefficiencies while ensuring compliance. When combined with RSM UK’s financial accounting advisory expertise, companies gain a future-proof approach to financial reporting—one that drives accuracy, efficiency, and strategic insights.
“We are thrilled about the opportunity to partner with RSM UK,” said Scott Singerman, VP of Alliances at Trullion. “They have the ability to support organizations’ lease accounting compliance as an advisor, an implementer, or with a fully managed service. By working together, we’re combining deep technical accounting expertise with technological innovation.”
To remain at the forefront of regulatory changes and achieve a competitive advantage, we encourage you to connect with RSM UK and Trullion today. Reach out to scott@trullion.com to learn more.