Technical roundup 8 March

Mar 06, 2019

Developments of interest this week are set out below.   

Ireland 

UK

  • The Financial Reporting Council (FRC) proposes to increase the work required of auditors when assessing whether an entity is a going concern.
  • The FRC has issued a position paper which sets out how Ethical and Auditing Standards will be developed to respond better to the needs of users of audited financial information, following the recent call for feedback.
  • Stephen Haddrill (CEO) spoke at the FRC's Public Meeting this week about priority areas over 2019/20, including ensuring effective stewardship, raising audit quality and implementing the Kingman recommendations. 

 International

  • The International Public Sector Accounting Standards Board (IPSASB) has published its strategy and work plan for 2019 through 2023.