Technical roundup 14 August

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 Other Regulator Updates for both ROI and NI / UK in response to COVID-19.  

Europe

• Accountancy Europe outline 4 steps to a sustainable recovery from Covid-19 in their recent online blog.

International

• The IASB will be holding two repeated live webinars on 17 August 2020 (09:00 and 15:00 (BST)) to discuss the second com­pre­hen­sive review of the IFRS for SMEs Standard.
• In December 2019, the IASB published the exposure draft of a new standard 'General Pre­sen­ta­tion and Dis­clo­sures' that is intended to replace IAS 1 'Pre­sen­ta­tion of Financial State­ments'. The IASB is in­tro­duc­ing the exposure draft in a series of webinars.
• The IASB  has updated its work plan, which have been analysed to see what changes have resulted since it was last revised in July 2020.
• The IFRS Foun­da­tion has announced that due to concerns about the COVID-19 pandemic and the global nature of its or­ga­ni­za­tion, all meetings with advisory and con­sul­ta­tive groups will be held remotely until the end of 2020.