Technical roundup 18 September

Developments of interest this week are outlined.

 ROI

• IAASA hosted an Audit Committee Breakfast on 10 September which included a a presentation by their Head of Operations, Lisa Campbell, on the regulatory framework in Ireland.

UK

• The new UK Stewardship Code took effect in January 2020 - to support prospective signatories in meeting the higher expectations set by the Code, the FRC will publish a Review of Early Reporting and is hosting a webinar to coincide with the launch of the Review on the morning of 30^th September.

 European

• The European Financial Reporting Advisory Group (EFRAG) has published a ques­tion­naire and an in­vi­ta­tion for in­ter­views for preparers with active mergers and ac­qui­si­tions agendas or material goodwill amounts in their financial state­ments.
• The European Single Electronic Format requirements are coming into force. Accountancy Europe are hosting a webinar on 12^th October to bring key stakeholders together for a lively debate to cover the issues around the preparation of ESEF files and providing assurance on their compliance.

 International

• The International Fed­er­a­tion of Ac­coun­tants (IFAC) has released 'Enhancing Corporate Reporting: The Way Forward' calling for the creation of a new sus­tain­abil­ity standards board that would exist alongside the IASB under the IFRS Foun­da­tion.