Technical roundup 30 August

Aug 30, 2019

Developments this week are set out below.   

UK

  • In a public consultation launched last week, the Institute of Chartered Accountants in England & Wales (ICAEW) is seeking comments on proposed updates to its guidance on assurance reports on internal controls of service organisations made available to third parties (Technical Release 01/06 AAF).

Europe

  • The August edition of the European Financial Reporting Advisory Group (EFRAG) Update has been issued which informs constituents about due process publications, public technical discussions held and decisions taken during that month.

International

  • August IASB podcast published - The International Accounting Standards Board held an additional meeting on 28 August to discuss its work linked to the reform of interest rate benchmarks such as LIBOR.
  • The International Public Sector Accounting Standards Board (IPSASB) has published an exposure draft 'Public Sector Financial In­stru­ments: Amend­ments to IPSAS 41 'Financial In­stru­ments'' with proposed amend­ments that would sup­ple­ment the IPSASB’s existing guidance in IPSAS 41 for topics that are unique to the public sector and have a sig­nif­i­cant impact on gov­ern­ment finances.