Technical roundup 27 September

Sep 27, 2019

ROI

  • Meet the Accounting Standard Setters - Chartered Accountants Ireland will host an event on 30 October 2019, a unique opportunity for accountants in industry and practice to hear representatives of both the FRC and the IASB present an update on developments in their respective accounting standards, UK/Irish GAAP and IFRS. Speakers at the event will be Gary Kabureck, IASB Board member, and Anthony Appleton, Jenny Carter and Phil Fitz-Gerald from the FRC. There is no charge to attend the event but places are limited so booking is essential.
  • IAASA, Ireland’s accounting enforcer, in line with its established policy of publishing selected financial reporting decisions, has this week published four financial reporting decisions regarding the accounting treatments applied by UDG Healthcare plc, Willow No. 2 (Ireland) plc and Vespucci Structured Financial Products plc.
  • The Pensions Authority has recently published FAQs on the funding standard reserve requirements of the Pensions Act 1990, as amended (the Act). 

NI

  • With less than a week to go before the new Code of Fundraising Practice comes into effect on 1 October 2019, the Fundraising Regulator in Northern Ireland is urging fundraising organisations to make final preparations for implementation.

UK

  • Following its consultation, which was welcomed by the Financial Reporting Council (FRC), the Institute and Faculty of Actuaries (IFoA) has launched a new monitoring scheme to improve the effectiveness of actuarial regulation and promote ongoing improvement across the profession.

Europe