Technical roundup 18 May

Developments of interest this week are outlined.

ROI

• The CRO have issued their regular gazette.

European

• Accountancy Europe has issued a report on the expert analysis of feedback on their 2017 Discussion Paper How to respond to assurance needs on non-financial information.

• The European Financial Reporting Advisory Group (EFRAG) has commissioned research on the expected economic impact of IFRS 17 Insurance Contracts and is seeking views from a wide range of interested parties.

International

• The IFRS Foun­da­tion has published its Annual Report for 2017 - Financial reporting for the world economy. The report provides an overview of the IFRS Foun­da­tion’s ac­tiv­i­ties during the past year and sets out the Foun­da­tion’s and IASB’s pri­or­i­ties for 2018.
• The May 2018 IFRS Interpretations Committee Update (IFRIC Update) has been published.
• The International Accounting Standards Board (IASB) issued the revised Conceptual Framework for Financial Reporting in March 2018. They have now created a quiz to help test your knowledge and understanding of this document.
• The International Ethics Standards Board for Accountants (IESBA) seeks public comment by August 15, 2018 on its consultation paper, Professional Skepticism – Meeting Public Expectations.