Technical roundup 6 September

Sep 05, 2019

Developments this week are set out below.   



  • Anne Whitaker has been appointed to the FRC’s Conduct Committee, which oversees the FRC’s Enforcement work, following her appointment as Chair of the Audit Quality Review Committee (AQRC).


  • The European Securities and Markets Authority (ESMA) has this week published its final guidance regarding liquidity stress tests of investment funds – applicable to both Alternative Investment Funds (AIFs) and Undertakings for the Collective Investment in Transferable Securities (UCITS). 


  • The August 2019 edition of the IFRS for SMEs Update has been published.
  • In June 2019, the International Accounting Standards Board (Board) issued an exposure draft that proposes targeted amendments to IFRS 17 to respond to concerns and challenges raised by stakeholders as IFRS 17 is being implemented.In a recent article, Board member Nick Anderson offers insight into the new disclosures the Board is proposing as part of the package of targeted amendments.