Technical Round up 29 March

Mar 28, 2019
Developments of interest this week are set out below.   

Ireland 

  • The CRO has issued its regular gazette.
  • Commission for Regulation of Utilities has published a “Notification to Suppliers Engagement of Auditors Regarding Certification of the PSO levy Information Paper”. Please read here.

UK

  • The Financial Reporting Council (FRC) has published its draft Plan and Budget 2019/20 which sets out its priorities for the year and the resources it will need. The consultation will close on 8 May.

European

  • The European Financial Advisory (EFRAG) Board has appointed Chiara Del Prete as new TEG Chair for a three-year term and Saskia Slomp as new EFRAG CEO with both ap­point­ments taking effect as of 1 April 2019.
  • The European Securities and Markets Authority (ESMA) has published its Annual Report on the enforcement and regulatory activities of accounting enforcers within the European Union (EU).
  • ‘Picture today’s audit and accountancy profession as standing on the edge of a mountain. The mountain is real, and it is called digitalisation. We have to face it. It’s just a question of deciding how quick and easy we want this journey to be,’ said Thomas Thoomse Smith, Project Director at the UK’s Financial Reporting Council Lab in a recent Accountancy Europe interview.