Technical roundup 11 May

May 10, 2018

Developments of interest this week are outlined.


  • IAASA has issued its review Brexit and its potential impact on Audit and Accountancy.  The document provides an overview of the various challenges and opportunities that Brexit may bring to the Authority and those entities within its remit.
  • The CRO have issued their regular gazette.


  • The Financial Reporting Council (FRC) has just issued Amendments to the Basis for Conclusions FRS 101 Reduced Disclosure Framework and the associated Feedback Statement to FRED 69 FRS 101 – 2017/18 cycle.


  • The European Financial Reporting Advisory Group (EFRAG) has com­mis­sioned an ex-ante impact analysis of the likely economic con­se­quences of im­ple­ment­ing IFRS 17 'Insurance Contracts'.


  • The International Accounting Standards (IASB) has released a podcast featuring Chair Hans Hooger­vorst, Vice-Chair Sue Lloyd, and education director Matt Tilling to discuss the de­lib­er­a­tions at the April 2018 IASB meeting.
  • The International Fed­er­a­tion of Ac­coun­tants (IFAC) has published the results of a survey among its members as International Standards: 2017 Global Status Report.