Technical roundup 15 May

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 Charities Regulator has just published Guidance on Charity Reserves to encourage and facilitate the better administration and management of charities.

UK

• The Financial Reporting Council (FRC) has updated its guidance for companies in relation to interim results.
• The FRC has this week issued an editorial change to Appendix II and Appendix III of the 2018 Guidance on the Strategic Report.

   

Europe

• The Consultative Committee of Accountancy Bodies have issued a document Phishing and Insider Fraud.
• Accountancy Europe is supportive of new EU action against money laundering and has endorsed the ‘Action Plan’ issued on 7 May 2020.

International

• The International Accounting Standards Board (IASB) has issued several small amendments to IFRS Standards.
• IFRS Foundation Trustee Teresa Ko provided the prepared remarks at the inaugural meeting of the Green and Sustainable Finance Cross-Agency Steering Group earlier in May.