Welcome to this week’s Technical Roundup.
In developments this week, the European Financial Reporting Advisory Group (EFRAG) have released a feedback statement on its draft comment letter to the IASB Exposure Draft ED/2021/7 Subsidiaries without Public Accountability and the Financial Reporting Council is calling on asset managers, pension funds, sell-side analysts, ratings agencies, proxy advisors and sovereign wealth funds to be representatives of the investor community for a new Investor Advisory Group.
Read more on these and other developments that may be of interest to members below.
Financial Reporting
The IASB has issued a podcast on the developments of the IFRS Interpretations Committee during the first quarter of 2022.
The European Financial Reporting Advisory Group (EFRAG) have released a feedback statement on its draft comment letter to the IASB Exposure Draft ED/2021/7 Subsidiaries without Public Accountability.
EFRAG has published a Draft Letter on the IFRS Interpretation Committee’s Tentative Agenda Decisions in the final phase of implementing IFRS 17 Insurance Contracts and is seeking constituents' views on the letter. Comments are requested by 17 May 2022.
The Financial Reporting Council (FRC) is calling on asset managers, pension funds, sell-side analysts, ratings agencies, proxy advisors and sovereign wealth funds to be representatives of the investor community for a new Investor Advisory Group (IAG).
Auditing
The Financial Reporting Council (FRC) has published a new Audit Firm Governance Code for the Big Four audit firms and firms that audit FTSE-350 companies and significant numbers of public interest entities (PIEs).
Sustainability
On 28 April 2022, the International Sustainability Standards Board (ISSB) is offering a live webinar on its proposed standards on general sustainability-related disclosures and climate-related disclosures.
Other Areas of Interest
The UK’s Prudential Regulatory Authority has published its 2022/3 Business Plan.
For further technical information and updates please visit the Technical Hub on the Institute website.
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