Technical roundup 29 January

Developments of interest this week are outlined.

ROI

• The Property Services Regulatory Authority (PSRA) has notified their licence holders that from 22 February 2021 it will be strictly implementing the renewal rules, all licence renewal applications must be received 6 weeks prior to the expiration of a licence.

UK

• The Financial Reporting Council (FRC) and the Financial Conduct Authority (FCA) have published a joint statement reminding companies that extended financial information timelines continue to apply. Read more here.

Europe

• As reported before, EFRAG conducted a series of online outreach events to gather stake­hold­ers' views from various ju­ris­dic­tions on the tentative proposals of the Project Task Force on non-fi­nan­cial reporting standards. An outreach document was provided to fa­cil­i­tate dis­cus­sions at those meetings. Ac­coun­tancy Europe has published a letter noting several short­com­ings of the document.
• In the first Accountancy Europe podcast episode of 2021, Mathilde Mesnard, Deputy Director for Financial and Enterprise Affairs at the OECD, discusses the global debate around corporate governance.
• EFRAG encourages constituents to participate in its survey about the Post-Implementation Review of IFRS 10, 11 and 12. Responses are requested by 16 April 2021.

International

• The International Accounting Standards Board expects to publish the Exposure Draft Regulatory Assets and Regulatory Liabilities on 28 January 2021. 
• The IFRS Foun­da­tion has announced that the annual pub­li­ca­tion formerly known as the 'Blue Book' is now available.