Technical roundup 5 February

Feb 04, 2021

Developments of interest this week are outlined.


  • The Central Bank of Ireland will continue to accept annual financial reports from Irish issuers subject to the Transparency (Directive 2004/109/EC) Regulations 2007 (S.I. No. 277 of 2007) and ESEF Regulation in PDF format for financial years beginning between 1 January 2020 and 31 December 2020. 


  • Accountancy Europe have issued a paper as part of their SME risk management project series outlining some of the main insolvency risks and challenges faced by SMEs.
  • The 20th edition of European Securities & Markets Authority (ESMA's) newsletter has just been issued.


  • In their January podcast Sue Lloyd, Vice-Chair of the International Accounting Standards Board (IASB), talks about the Board’s discussions at the meeting held virtually on 26 January 2021 as well as other relevant developments during the month.
  • In a sup­ple­men­tary meeting held this week, the IASB discussed extending the practical relief in IFRS 16, which permits lessees not to assess whether par­tic­u­lar rent con­ces­sions occurring as a direct con­se­quence of the COVID-19 pandemic are lease mod­i­fi­ca­tions and, instead, to account for those rent con­ces­sions as if they were not lease mod­i­fi­ca­tions.
  • IFRS Foundation Trustees have announced next steps in response to broad demand for global sustainability standards.