Technical roundup 4 May

May 03, 2018

Developments of interest this week are outlined.

ROI

  • The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2018 was published this week and will progress in due course through the houses of the Oireachtas.  The Bill transposes the 4th EU AML Directive.    
  • IAASA has published its Annual Audit Programme and Activity ('AAPA') Report. This report provides details on activities in relation to oversight of statutory audit in order to achieve the mission of supervising and promoting high quality auditing in the public interest.
  • The CRO have issued their regular gazette.

UK

  • The April 2018 issue of the Prudential Regulatory Digest has just been published which discusses the business plan and the independence of PRA functions.

International

  • A first-of-its kind International Federation of Accountants (IFAC) report that assesses and publically reports on the global status of the adoption of international standards—International Standards: 2017 Global Status Report has recently been issued.
  • The International Financial Reporting Standards (IFRS) Foundation April 2018 news summary has just been issued which includes International Accounting Standards Board (IASB) re-appointments and a new webcast exploring Conceptual Frameworks.
  • The April 2018 IASB summary has just been issued and the work plan updated.