Technical roundup 1 March

Feb 28, 2019

Developments of interest this week are set out below.   


  • The Central Bank of Ireland has published further information relating to credit unions in a thematic review taking stock of the effect of restructuring in the sector.   
  • The CRO has issued its regular gazette.


  • The FRC and the Department of Business, Energy and Industrial Strategy have issued letters for auditors and accountants to share information in case there is no deal agreed for leaving the EU by Friday 29 March 2019.Details include a decision tree regarding auditor authorisation and information about endorsement of IAS.Copies of the letters are available on the FRC’s website.



  • The European Financial Reporting Advisory Group (EFRAG) and Institute of Chartered Accountants of Scotland are seeking comments on the application of discount rates to pension liabilities for accounting purposes.Views are sought from all interested parties and may be contributed using an on-line link available here.
  • Accountancy Europe has issued an updated report setting out current thresholds for audit exemption applied across EU member states.
  • The European Securities and Markets Authority has published responses received in response to its call for view on incorporating sustainability risks and related factors in MiFID II and the UCITS Directive/AIFMD.