Technical roundup 7 August

 Chartered Accountants Ireland

• Chartered Accountants Ireland has updated the Technical and business updates page on our COVID-19 Hub with updates on Auditing implications of Coronavirus, Financial Reporting implications of Coronavirus and Information for insolvency practitioners.  We have also updated our page on Other Regulator Updates for both ROI and NI / UK in response to COVID-19.  

Ireland

• IAASA has published a Consultation Paper on its proposals to issue a revised version of ISA (Ireland) 315, Identifying and Assessing the Risks of Material Misstatement.
• IAASA has published its annual Profile of the Profession which contains statistical data regarding the eight Prescribed Accountancy Bodies (‘PABs’) within IAASA’s supervisory remit in Ireland for the year 2019.

 Europe

• The European Financial Reporting Advisory Group (EFRAG) has organised a public outreach event on 7 September 2020 to collect ad­di­tional views from con­stituents on the draft en­dorse­ment advice EFRAG plans to publish at the end of August (shortly after the pub­li­ca­tion of the amend­ments by the IASB).

International

• The IASB will be holding two repeated live webinars on 17 August 2020 (09:00 and 15:00 (BST)) to discuss the second com­pre­hen­sive review of the IFRS for SMEs Standard.
• The Financial Stability Institute (FSI) of the Bank for International Set­tle­ments (BIS) has published a paper 'Accounting standards and insurer solvency as­sess­ment' dealing with IFRS 17 'Insurance Contracts'.
• The IASB has issued a two-part webcast that provides an overview of the amend­ments in IFRS 17.