Welcome to the latest edition of Technical Roundup.
In developments since the last edition, the Department of Enterprise, Tourism and Employment has issued an Action Plan on Competitiveness and Productivity which contains 85 actions for strengthening our competitiveness and productivity performance presented across six themes. The Financial Reporting Council has also released two new Factsheets to assist FRS 102 preparers and readers may be interested in registering for some of our free upcoming CPD events.
Read more on these and other developments that may be of interest to members below.
Financial Reporting
The Financial Reporting Council (FRC) has issued two new factsheets to support entities applying FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.
The European Securities and Markets Authority (ESMA) has published its second risk monitoring report of 2025 setting out the key risk drivers currently facing EU financial markets.
Registration is still open for our free, in-person events with the FRC in Belfast on 15 October and Dublin on 16 October. These events will focus on the implementation of the 2024 Periodic Review amendments to FRS 102 and FRS 105. Places are limited and are booking fast so register now if you would like to attend.
The IFRS Foundation is hosting a webinar on 30 September with the theme of how companies are integrating IFRS Accounting Standards into products and services.
Auditing and Assurance
IAASA has released its second publication as part of its 2025 AQS Insight Series which focuses on key messages in relation to auditing of financial statement disclosures.
The FRC has launched a new initiative to support the development of the capability and quality management by small audit firms looking to establish a greater presence in the UK Public Interest Entity (PIE) audit market. The Scalebox Programme will introduce a new and more proportionate supervisory approach, designed to enhance audit quality and reflect the unique needs of smaller firms.
The European Commission has announced an intention to launch a consultation which could lead to measures to further convergence in audit supervision. Accountancy Europe’s recent article discusses the implications of this and has recommended some key priorities of any future supervision reform.
Artificial intelligence (AI)
In September 2025 the Irish government advanced the rollout of the EU Artificial Intelligence (AI) Act, confirming the designation of 15 National Competent Authorities under the AI Act. Ireland becomes one of the first six Member States to reach the critical milestone of designating the competent authorities which will be responsible for enforcement of the Act.
Sustainability
On Tuesday 23 September, Chartered Accountants Ireland will be hosting a webinar with the European Financial Reporting Advisory Group (EFRAG) on the Revised European Sustainability Reporting Standards (ESRS). If you would like to register to attend this free outreach event, you can do so via our website.
IAASA has released a Thematic Desktop Examination on Sustainability-linked financing. The thematic examination looked at the annual reports of 17 equity issuers listed on the main market of Euronext Dublin.
As the public consultation on the ESRS enters its final few days, EFRAG has prepared some informative videos and a factsheet on the proposed simplifications to the standards. The consultation remains open until 29 September.
EFRAG are hosting a hybrid event on 6 October on the VSME standard entitled “The VSME Standard in Action: From the European Commission’s Recommendation to Digital Solutions.”
Accountancy Europe has updated its CSRD Transposition Overview which monitors the CSRD transposition status across the EEA countries.
The International Sustainability Standards Board (ISSB) will be hosting episode 12 of their “Perspectives on sustainability disclosure” webinar series on 6th October.
Accountancy Europe has published its September 2025 Sustainability Update.
Anti-money laundering and sanctions
From our Professional Standards colleagues: we remind readers of how to be an Authorised Corporate Service Provider (ACSP) with Companies House in the UK. From 18 March 2025, you can apply to become an ACSP using Companies House new service ‘Apply to register as a Companies House authorised agent’.
- To register you must be supervised for AML in the UK.
- When completing the application process, you will be asked to provide your firm identity number - that will be your Institute firm number.
Please ensure that the firm’s business name, address and any trading names provided to Companies House match what is recorded with the Institute, otherwise your application may be rejected.
Central Bank of Ireland (CBI)
The Central Bank has published its third Quarterly Bulletin of 2025.
The Central Bank has launched a consultation regarding proposed amendments to the Central Bank Undertakings for Collective Investment in Transferable Securities (UCITS) Regulations and the Central Bank Guidance on performance fees for UCITS and certain types of Retail Investor Alternative Investment Funds (AIFs).
The Central Bank has launched a consultation regarding proposed amendments to the Central Bank Alternative Investment Fund Rulebook (AIF Rulebook).
Other news
With busy filing season almost upon us again we outline some tips and pointers for the busy Annual Return filing season which may help you navigate the process with the Companies Registration Office. We advise readers to file early if at all possible.
In September 2025 the President of the European Commission delivered her State of the Union address to the European Parliament. She shares her vision for the EU, takes stock of achievements and announces major upcoming initiatives. Please click for the Letter of Intent where she detailed the actions the Commission intended to take in the following year by means of legislation and other initiatives. Click here for the document “From promise to progress: first year in office Von der Leyen Commission 2024-2029”.
The Department of Enterprise, Tourism and Employment (DETE) has issued an Action Plan on Competitiveness and Productivity which contains 85 actions for strengthening our competitiveness and productivity performance presented across six themes.
In other DETE news, it is holding a webinar on export controls on 25 September 2025 from 10AM to 12.30PM. The webinar is designed for current exporters, potential exporters and agents acting on behalf of exporters. Click to find out more details and to register for the webinar.
The Pensions Authority has published its Annual Report and Accounts 2024. The Report and Accounts, and an accompanying statement from the Pensions Regulator is available here.
The National Cyber Security Centre (NCSC) continues to flag critical vulnerabilities identified in September 2025 regarding cyber security issues that may affect Ireland as part of the ‘Alerts and Advisories’ section of its website. Recent vulnerabilities noted for SAP products, Ivanti products, and Adobe products. Th NCSC recommends installing updates for vulnerable systems. Click NCSC: News for further details.
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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