This week's technical tidbits

Jan 12, 2017

Developments of interest this week are outlined.               

Recent publications

  • Chartered Accountants Ireland has issued Technical Alert 05/2016 Update on prescribed enactments for the purposes of section 27B of the Central Bank Act 1997” to alert auditors to the notification by the Central Bank of Ireland in recent months of additionalprescribed enactments.
  • Chartered Accountants Ireland has published Technical Release 13/2016 “Guidance for Auditors of Insurance Undertakings in Ireland” which provides guidance to auditors engaged by an insurance undertaking to carry out an audit of the undertaking’s financial statements.



  • The Financial Reporting Council’s (FRC) annual report, Developments in Corporate Governance and Stewardship 2016, has been published against a backdrop of falling public trust in business.


  • The European Supervisory Authorities (ESAs) have published their response to the European Commission on the amendments the Commission proposes to make to the draft regulatory technical standards.
  • Under the theme of "Moving Forward", the European Financial Reporting Authority Group’s (EFRAG) Annual Review provides an overview on how they contribute to enhancing Europe's influence in the development of IFRS.  


  • Following on from a series of eight webinars on the forthcoming insurance contracts standards, the International Accounting Standards Board (IASB) has released a twenty minute update that reflects more recent decisions in the project.



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