Developments of interest this week are outlined.
Chartered Accountants Ireland
UK
- The FRC Lab has published a set of tips intended to help companies consider what content to include in a Section 172 statement, how to present it and how to facilitate the process of preparing the statement.
- With COVID-19 continuing to impact us all, many companies are facing a challenging year-end. While the uncertainty creates risks for annual reporting it also presents opportunities. The FRC Lab has released two short guides which cover some critical areas of focus for 2020 year-ends.
European
- The European Federation of Accountants and Auditors for SMEs (EFAA) has published the results of a survey that examined the extent of harmonisation of the accounting for intangibles by SMEs across Europe.
- The EFRAG have issued an update to their Endorsement Status Report to reflect the endorsement by the EC of Amendments to IFRS 16 Leases Covid 19-Related Rent Concessions.
International