Technical roundup 6 October

Oct 04, 2017

Developments of interest this week are outlined.


  • The CRO have issued their regular gazette.


  • The quality and quantity of dividend policy and practice disclosures has improved, according to a recent study conducted by the Financial Reporting Council’s (FRC) Financial Reporting Lab. 


  • The European Financial Reporting Advisory Group (EFRAG) has published its draft comment letter in response to the IASB's Exposure Draft ED/2017/5 Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8) and seeks constituents' views on the proposals. Comments on the draft comment letter are requested by 7 December 2017.
  • EFRAG has published its draft comment letter in response to the ED/2017/6 Definition of Material and seeks constituents' views on the proposal. Comments on the draft comment letter and inputs in it are requested by 5 January 2018. 
  • EFRAG is organising a conference on the use of fair value in financial reporting on 5 December 2017.Fair value is a topic that encourages debate. While some feel that it enhances the transparency and relevance of financial statements, others point out the challenges in applying fair value and question the volatility that can result from it. 
  • Accountancy Europe, CSR Europe, and GRI will present and discuss their new research looking at the local implementation of the EU Directive 2014/95/EU on non-financial and diversity information reporting on 22 November in Brussels. The publication aims at outlining the principal elements of the 28 Member States’ laws, and will provide insight on the direction non-financial reporting is headed in Europe. 


  • As part of the IASB webcast series on IFRS 16 implementation, the IASB staff has made available a webcast related to IFRS 16 lease term requirements.   The IASB has also released a podcast featuring Chair Hans Hoogervorst, Vice-Chair Sue Lloyd, and education director Matt Tilling to discuss the deliberations at the September 2017 IASB meeting.