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 30th 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 12th 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.