Technical roundup 17 August

Aug 16, 2018

Developments of interest this week are outlined.


  • IAASA has issued a consultation paper seeking the view of stakeholders regarding IAASA’s proposal to issue a revised version of ISA (Ireland) 540 ‘Auditing Accounting Estimates, including Fair Values Accounting Estimates, and Related Disclosures’, to reflect recent revisions to the international standards on auditing issued by the International Auditing and Assurance Standards Board. Find out more and access the consultation paper here.
  • IAASA has also published its ‘Statement on Scope and Authority of Audit and Assurance Pronouncements’ and notes that the document provides more details on the Auditing Framework for Ireland, as adopted by IAASA.
  • Reminder to register for the Update on UK & Irish GAAP event – At this event, in Chartered Accountants House on 17 September, the Financial Reporting Council (‘FRC’) will discuss what’s changed in FRS 102 as a result of the Triennial Review 2017, and this will be accompanied by a presentation on the key financial reporting requirements of the small and micro company regimes in the Republic of Ireland. There is no charge to attend this event but places are limited so please register for the event. Find out more here.
  • The CRO have issued their regular gazette.


  • The FRC held a panel discussion recently about how corporate governance is evolving to meet the needs of all stakeholders. A film of the event is available on the FRC website.


  • The International Accounting Standards Board has issued a fifth webcast in a series of web presentations regarding the Discussion Paper ‘Financial Instruments with Characteristics of Equity’, entitled ‘Presentation of equity instruments’.