Technical roundup 30 November

Nov 29, 2018

Developments of interest this week are set out below. 



  • Regulators invite feedback on Charities SORP - A consultation has launched to seek views on how best to reform the process for developing the SORP following the recent expansion of the SORP-making body that sets the framework for charity financial reporting to incorporate the Charity Commission for Northern Ireland with the Charities Regulatory Authority for the Republic of Ireland as observer.



  • The European Financial Reporting Advisory Group (EFRAG) has published a dis­cus­sion paper (DP) 'Non-ex­change transfers: A role for societal benefit?' The DP explores the accounting for transfers in which an entity received (or gives) value without directly giving (or receiving) ap­prox­i­mately equal value in exchange.
  • The European Securities and Markets Authority (ESMA) is publishing a Public Statement to address the risks of a no-deal Brexit scenario in the area of central clearing. The ESMA Board of Supervisors supports the continued access to UK CCPs to limit the risk of disruption in central clearing and to avoid negatively impacting EU financial market stability.
  • The European Fed­er­a­tion of Ac­coun­tants and Auditors for SMEs (EFAA) has published the results of a survey on non-fi­nan­cial in­for­ma­tion reporting by small and medium-sized entities (SMEs) across 14 European countries.


  • The IFRS Foun­da­tion has issued an ad­di­tional new stand-alone ed­u­ca­tional module, which supports the learning, ap­pli­ca­tion, and reading of financial state­ments prepared with the IFRS for SMEs Standard.