Technical roundup 19 June

Jun 18, 2020

Chartered Accountants Ireland

UK

  • Two new reports issued by the Financial Reporting Lab of the UK Financial Reporting Council (FRC) provide practical guidance to companies in areas of reporting that investors have high­lighted as being most critical in these times of un­par­al­leled economic un­cer­tainty.

Europe

  • Accountancy Europe has released three publications to shape the debate on non-financial information (NFI) reporting. Accountants have the skills and knowledge to lead this discussion.
  • In December 2019 Ac­coun­tancy Europe published a paper de­scrib­ing and calling for a global solution to in­ter­con­nected stan­dard-set­ting that can meet the need for reliable, con­sis­tent in­for­ma­tion in non-fi­nan­cial reporting that is in­ter­con­nected with financial reporting. A follow-up paper has now been made available that analyses the feedback received, provides an update on the latest EU and global de­vel­op­ments, and reflects on a way forward.
  • The European Securities & Markets Authority (ESMA) has published its 2019 Annual Report and updated 2020 Annual Work Programme

International

  • This week the International Auditing & Assurance Standards Board (IAASB) hosted two different webinars on consultations that are currently open for public comment.