Technical roundup 22 November

Nov 21, 2019

Chartered Accountants Ireland

  • The Accounting Committee of Chartered Accountants Ireland recently responded to the IASB Exposure Draft ED/2019/5: Deferred Tax related to Assets and Liabilities arising from a Single Transaction - Proposed amendments to IAS 12. The response can be read here.


  • IAASA has this week published its Settlement Procedures for Investigations under Section 934 of the Companies Act 2014.  The process offers both the Authority and the specified person a means of achieving early resolution of the matter.
  • IAASA has recently issued its Work Programme for the period 2020–2022.   The Authority has submitted the Programme to the Minister for Business, Enterprise & Innovation in accordance with section 910 of the Companies Act 2014.


  • The ESMA (European Securities & Markets Authority) have issued the ninth edition of their newsletter which takes a closer look at their new website section on sustainable finance and SFTR, highlights of the full list of staff speaking appearances and a catch up on publications from October and early November.


  • The International Standard on Auditing (ISA) 540 (Revised) Implementation Working Group has prepared an Audit Client Briefing based on the Canadian Auditing Standard (CAS) Audit Client Briefing of the Chartered Professional Accountants of Canada (CPA Canada), published in October 2019 and is used with permission of CPA Canada.
  • The International Auditing and Assurance Standards Board (IAASB) is requesting public comments on its Exposure Draft focused on conforming amendments to the International Standards as a result of the revised International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code). Comments are to be received no later than January 10, 2020.