Technical roundup, 9 April

Apr 09, 2020

Chartered Accountants Ireland 

Chartered Accountants Ireland has updated the Technical and business updates page on our COVID-19 Hub with updates on Auditing implications of Coronavirus, Financial Reporting implications of Coronavirus and Information for insolvency practitioners.  We have also updated our page on Key Stakeholder Updates for both ROI and NI / UK in response to COVID-19.

Ireland

  • The Central Bank have issued their Quarterly Bulletin which discusses the impact of Covid-19.
  • IAASA has issued a Consultation Paper on its proposals to revise the Ethical Standard for Auditors (Ireland), International Standards on Auditing (Ireland) and Glossary of Terms.

Ireland and UK

  • The FRC is seeking to appoint two Non-Executive Members to its UK GAAP Technical Advisory Group (UK GAAP TAG). One member shall be from the Republic of Ireland. UK GAAP TAG considers and advises the FRC Executive and the Corporate Reporting Council on the maintenance and improvement of UK accounting standards. The FRC Executive also looks to the UK GAAP TAG for advice on current, emerging and potential risks to the quality of accounting and financial reporting in the UK and Republic of Ireland as they arise. Find out more in the advert, which is available here.

Europe  

  • The European Securities and Markets Authority (ESMA) has published the 24th Extract from its database of enforcement decisions taken by EU accounting enforcers.
  • ESMA has this week published its report “Enforcement and regulatory activities of European enforcers in 2019” which sets out the enforcement and regulatory activities undertaken in 2019 by European Union (EU) accounting enforcers.
  • Accountancy Europe have this week issued their April Audit Policy Update.
  • A report has been issued this week which provides an overview of the ac­tiv­i­ties of ESMA and the accounting enforcers in the EU when examining com­pli­ance of financial in­for­ma­tion provided by issuers listed on regulated markets with the ap­plic­a­ble financial reporting framework in 2019.

International

 

 

 


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