Welcome to the latest edition of Technical Roundup.
In developments since the last edition, the Department of Enterprise, Tourism and Employment (DETE) has launched a public consultation regarding a new Green Growth Strategy. The Financial Reporting Council has issued amendments to FRS 102 to provide entities with an updated framework to use when adapting their balance sheet format.
Read more on these and other developments that may be of interest to members below.
As part of its Corporate Reporting Supervision activities, IAASA has published a paper summarising the outcomes of its 2025 financial reporting examinations.
The Financial Reporting Council (FRC) has issued amendments to FRS 102 to provide entities with an updated framework to use when adapting their balance sheet format. These amendments have been developed to maintain alignment with the presentation requirements of IFRS following the introduction of IFRS 18 Revenue from Contracts with Customers.
The FRC has issued a consultation regarding revisions to Technical Actuarial Standard 310. The revised standard is intended to come into force on 31 July 2026 with a deadline for comments of 23 March.
The UK Endorsement Board hosted a roundtable to seek stakeholder’s early feedback on the IASB’s Exposure Draft on Risk Mitigation Accounting. A summary of this roundtable is now available.
The International Accounting Standards Board (IASB) has launched a consultation which proposes targeted amendments to IAS 28 Investments in Associates and Joint Ventures. The proposed amendments are intended to clarify which investments a company is eligible to measure using the fair value option under IAS 28.
The IASB has also issued a podcast on the highlights of its January 2026 meeting highlights.
The International Auditing and Assurance Standards Board (IAASB) has published a summary of feedback from its global Technology Quality Management roundtables.
The Institute is hosting three in-person sessions which will provide an introduction to the new Creditor Voluntary Liquidation workbook. The workbook has been produced to assist Liquidators in complying with legislative and SIP requirements when conducting statutory meetings, reporting to creditors and approval of remuneration.
The sessions will also cover compliance matters and will include potential issues and problems that can arise and how to avoid or best navigate these. It will also include some practical examples and a Q&A session.
The sessions are targeted at professionals taking on insolvency appointments and acting as Liquidator, and those training or working in the insolvency sector looking to gain expertise in this area.
Each of these three-hour sessions are free to attend and will take place on the following dates:
The GRI has launched a new guide to help companies report on biodiversity.
Last December, following the publication of the draft simplified European Sustainability Reporting Standards, the European Commission invited the European Central Bank (ECB), the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) to comment on the draft standards. These opinions have recently been published. All four authorities welcomed the simplification of the standards. However, they have also outlined some concerns including identifying permanent reliefs which will reduce the availability of meaningful information and recommend that these are time-limited. Please see the opinions published by ECB, ESMA, EBA and EIOPA, all of which make for interesting reading.
AMLA published a press release launching several public consultations regarding key mandates for the private sector and harmonised supervision. The consultations cover the following draft Regulatory Technical Standards (RTSs):
AMLA also highlighted that it welcomes input regarding the above consultations from the non-financial sector and has published an explainer regarding the role of the non-financial sector for the new EU Anti-Money Laundering and Countering the Financing of Terrorism Framework.
The Financial Action Task Force (FATF) published an update following its February 2026 Plenary meeting in Mexico. The update included the addition of Kuwait and Papua New Guinea to the list of jurisdictions under increased monitoring (FATF's "grey list"). Members in the UK are reminded that changes to FATF’s list of jurisdictions under increased monitoring are directly applicable in the UK following HM Treasury’s advisory notice in October 2025. FATF also provided an update regarding adoption of assessment reports for Austria, Italy, and Singapore under the new round of mutual evaluations. The FATF also approved new publications on cyber-enabled fraud and virtual assets to support countries to stay alert to evolving threats and harness technology to mitigate against risks.
Central Bank of Ireland (CBI)
The CBI's Governor Gabriel Makhlouf published his latest blog outlining why the Governing Council decided to keep the main policy interest rate unchanged. The blog highlights areas including the Euro area inflation position, the Euro area economy and growth, and the risk outlook.
The CBI's Deputy Governor Vasileios Madouros delivered a speech at Technological University Dublin (TU Dublin) focused on 'Enabling a decade of higher investment' highlighting that over the course of the next decade, there will be a need to allocate more collective resources towards domestic investment. Deputy Governor Madouros noted that looking ahead, like many other countries, Ireland is facing profound economic and societal shifts in years to come, and a common denominator in terms of how Ireland navigates these shifts is through increasing investment sustainably. The CBI also published a press release regarding this speech.
Artificial Intelligence (AI)
Accountancy Europe (AE) recently organised an educational session in partnership with Scope Solutions titled ‘AI, the accountant’s new toolkit’. This session was designed to introduce accountants to the world of AI, explore industry-specific trends, and move beyond the hype, focusing on what accountants need to do today to evolve along with the accounting industry. For further information, a recording of this session is available on AE’s website.
The Government updated its national digital and AI strategy titled 'Digital Ireland - Connecting our People, Securing our Future'. The strategy sets out the Government’s ambition and vision to meet key objectives by 2030 and to ensure Ireland remains a digital leader in an increasingly competitive global environment. There are five strategic ambitions included in the strategy - Apply, Grow, Invest, Lead, and Empower, which reflect the agile approach needed to succeed in a fast-evolving digital world. To support these ambitions, the strategy details 20 high-level objectives and 90 specific deliverables across many Government Departments and Agencies.
ENISA published the 'Cybersecurity Exercise Methodology', which is an end-to-end guide on how to plan, run, and evaluate a cybersecurity exercise. It has been developed to help support organisations with simulation and training and building resilience and agility in mitigating cyber risks.
The NIS Cooperation Group composed of EU Member States representatives, the European Commission, and the EU Agency for cybersecurity (ENISA), has adopted an EU ICT Supply Chain Security Toolbox. The toolbox will help Member States and public and private actors to bolster the security of ICT supply chains in the EU. The toolbox includes useful risk scenario examples and details of recommendations on how to strengthen the cybersecurity and resilience of ICT supply chains.
Digital Operational Resilience Act (DORA)
The Chartered Institute of Internal Auditors (IIA) in the UK and Ireland published an update regarding its ‘Risk in Focus 26/27 Report’ including the approach and timelines that will be used for Risk in Focus 26/27 Report during 2026. As in previous years, Chartered IIA in the UK and Ireland also plans to issue a survey to chief audit executives (CAEs) to gather insights for this report. It is planned to launch the survey on 2 March, and it will be open until the end of March.
The President of the Chartered IIA in the UK and Ireland published the latest ‘President’s Blog’ highlighting the importance of integrity in business, and the need for facts, evidence and a proportionate and effective response during internal audit work including the use of AI to interrogate data more effectively. The blog also highlights the launch of The IIA’s Global Audit Committee Center, which provides resources and thought leadership to help boards and audit committees strengthen internal audit oversight and drive governance excellence.
The EDPB adopted its Work Programme for 2026 - 2027. Built on the four pillars of the EDPB strategy, the work programme focuses on 1) enhancing harmonisation and promoting compliance, 2) reinforcing a common enforcement culture and effective cooperation, 3) safeguarding data protection in the developing digital and cross-regulatory landscape, and 4) contributing to the global dialogue on data protection. The work programme also reaffirms the commitment of the EDPB to simplifying GDPR compliance for organisations, which includes the development of a series of ready-to-use templates for organisations.
The EDPB also adopted a report on its Coordinated Enforcement Framework (CEF) action on the right to be forgotten (Art.17 GDPR). EDPB selected this topic as it is one of the most frequently exercised data subject rights and has given rise to many complaints in European jurisdictions and results in a growing number of decisions from supervisory authorities. The report includes a list of recommendations for controllers and actions that supervisory authorities and the EDPB may consider for issues related to the right to erasure.
The UK's Information Commissioner's Office (ICO) published data protection complaints guidance explaining what organisations need to do to meet the new requirements to implement a data protection complaints process, as set out in the Data (Use and Access) Act. Although these requirements are not in force until 19 June 2026, the UK ICO is publishing this guidance now so that organisations are ready for these changes.
will not have to register or submit annual reports and accounts to the Commission.
The Department of Enterprise, Tourism and Employment (DETE) launched a public consultation regarding a new Green Growth Strategy. DETE is seeking the views of interested stakeholders to inform the development of a new Green Growth Strategy, which is linked to commitments in the Programme for Government 2025 - Securing Ireland’s Future.
Accountancy Europe has issued a publication and factsheet outlining the proposed changes to the Carbon Border Adjustment Mechanism (CBAM) by the European Commission.
For further technical information and updates please visit the Technical Hub on the Institute website.
This information is provided as resources and information only and nothing in the information purports to provide professional advice or definitive legal interpretation(s) or opinion(s) on the applicable legislation or legal or other matters referred to in the information. If the reader is in doubt on any matter in this complex area further legal or other advice must be obtained. While every reasonable care has been taken by the Institute in the preparation of the information we do not guarantee the accuracy or veracity of any resource, guidance, information or opinion, or the appropriateness, suitability or applicability of any practice or procedure contained therein. The Institute is not responsible for any errors or omissions or for the results obtained from the use of the resources or information contained herein.
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