Articles

From time to time we come across articles of a financial reporting nature that may be of interest. We have assembled a selection of these below:

Corporate Reporting articles of interest

• ‘Stemming the tide of greenwashing lies’ In an article in the April 2024 edition of Accountancy Ireland, Dee Moran looks at ongoing EU efforts to curb greenwashing through regulation in response to disingenuous sustainability credentials.
• ‘Getting to grips with Double Materiality’ In an article in the February 2024 edition of Accountancy Ireland, Mike O’Halloran discusses one of the key concepts of the European Sustainability Reporting Standards- double materiality.
• ‘The CSRD New Frontier in Corporate Reporting’ In an article in the December 2023 edition of Accountancy Ireland, Daniel O’Donovan discusses the introduction of the Corporate Sustainability Reporting Directive, including the challenges preparers will face and the type of information to be reported.
• ‘What Irish companies will the Corporate Sustainability Reporting Directive apply to?’ In an article in the October 2023 edition of Accountancy Ireland, Fiona Hackett discusses the companies that will be required to comply with CSRD and how the process may be more difficult than first impressions.
• ‘Laying the groundwork for the ISSB sustainability standards’ In an article released in August 2023, Linda McWeeney outlines the newly released standards by the International Sustainability Standards Board (ISSB) on what companies can do now to prepare for their implementation.
• 'What next for FRS 102'- In an article in the April 2023 edition of Accountancy Ireland, Mike O'Halloran discusses the proposals set out in the FRC's Exposure Draft "FRED 82" and how the proposals may impact the future direction of FRS 102 and FRS 105.
• 'Reporting for a new regime'- In an article in the February 2023 edition of Accountancy Ireland, Fiona Hackett and Emer Fitzpatrick discuss the emerging ESG reporting requirements for companies in Ireland.
• ‘Will ESG reporting become a new license to operate?’ In an article from the August 2022 edition of Accountancy Ireland, Derarca Dennis and Nicole Ruane give their advice and insight on the road ahead for companies and accountants in the new era of sustainability reporting.
• 'Financial reporting for cryptocurrency', an article in the June 2022 edition of Accountancy Ireland by Gavin Fitzpatrick and Mike O'Halloran looks at the financial reporting considerations for entities who hold cryptocurrencies.
• ‘The Ukraine conflict and financial reporting’ In an article in the June 2022 edition of Accountancy Ireland, David Drought delves in to the details of whether control of subsidiaries located in Russia have been lost as a result of the ongoing conflict in Ukraine. The article also discusses impairment tests of non-financial assets in affected territories.
• ‘The Greenhouse Gas Protocol: from theory to practice’ An article in the February 2022 edition of Accountancy Ireland, Linda McWeeney and Mary Jane Webberley explain how businesses can report on their direct and indirect emissions.
• ‘Driving Consistency in Sustainability Reporting and Standards’ In an article in the February 2022 edition of Accountancy Ireland, Dee Moran explains recent developments in the call for a consistent approach driven by consolidated reporting. The article discusses the EU’s CSRD and ISSB and what they mean for organisations.
• ‘Accounting for Cloud Computing Costs’ In an article in the February 2022 edition of Accountancy Ireland, Richard Howard and Ryan Mathers share their insight on the topic of accounting for software-as-a-service costs (SaaS) and the progression of the IFRS Interpretations Committee stance on SaaS.
• ‘ESMA Common Enforcement Priorities 2021’ In an article in the December 2021 edition of Accountancy Ireland, Maurice Barrett highlights some noteworthy aspects of the European Securities and Market Authority’s common enforcement priorities statement for preparers, management, and directors.
• ‘Accounting for Climate Risk’ An article in the December 2021 edition of Accountancy Ireland, Michelle Byrne and Sinéad McHugh highlight the climate-related areas of focus for preparers of financial statements.
• ‘IAASA’s Observations 2021’ In an article in the October 2021 edition of Accountancy Ireland, Maurice Barrett explains the most recent findings of the Irish Auditing and Accounting Supervisory Authority paper outlining areas of which entities should give extra attention in their annual financial statements.
• ‘Are you crisis-ready?’ An article in the October 2020 edition of Accountancy Ireland, Mark Kennedy explains how ESG strategies that combine uncertainty management with resilience can lead to a differentiated and sustainable market position.
• ‘Why the UN’s Sustainable Development Goals are Good News for Business’ An article in the June 2020 edition of Accountancy Ireland, Caroline Pope considers the UN’s Sustainable Development Goals and their relevance as a framework to rebuild resilient companies as the economy emerges from the COVID-19 crisis.
• ‘Developing a framework for Climate-Related Risk’ An article in the April 2020 edition of Accountancy Ireland, Mark Kennedy looks at the effect on the financial services industry and how the regulatory landscape is likely to change as climate-related threats increasingly dominate out environment.
• ‘The 2019 Partnerships Regulations’, an article by Eimear McGrath in the April 2020 issue of Accountancy Ireland explores some of the key impacts of the European Union (Qualifying Partnerships: Accounting and Auditing) Regulations 2019.
• ‘A tipping point in the Climate Crisis?’ An article in the February 2020 edition of Accountancy Ireland, Kate van der Merwe acknowledges positive trends in the fight to stem climate change.
• ‘Update from the Accounting Standard Setters’ In an article in the December 2019 edition of Accountancy Ireland, Terry O’Rourke & Barbara McCormack recount a useful visit from the FRC and IASB to communicate updates on standards for Irish accountants.
• ‘The Business Case for Sustainability’ An article in the December 2019 edition of Accountancy Ireland, Kate van der Merwe explains why businesses must incorporate sustainability in all financial decision-making processes in order to remain relevant.
• ‘Reporting the Whole Story’ An article in the October 2019 edition of Accountancy Ireland, Kate van der Merwe discusses the provision of environmental reporting clearly aligns to our profession’s core values, so we can all play a role in the drive for sustainability.
• ‘Full Disclosure’ In an article in the October 2019 edition of Accountancy Ireland, Thomas Toomse-Smith writes about the UK’s Financial Reporting Lab and their correspondence to companies and investors about what they wanted from cash disclosures, outside of the cash flow statement.
• ‘Chartered Accountants and the Third Sector’ In an article in the August 2019 edition of Accountancy Ireland, Paula Nyland considers how Chartered Accountants involved in the third sector can improve transparency and prosperity to the benefit of charities and society at large.
• ‘Can Finance and Sustainability go Together?’ An article in the August 2019 edition of Accountancy Ireland, Kate van der Merwe considers the interplay between Finance and Sustainability against the backdrop of increasingly extreme weather events.
• ‘IFRS Reporting and APMs Working Together’ In an article in the August 2019 edition of Accountancy Ireland, Jamie Leavy discusses Alternative Performance Measures and how they can work together to provide an overall view of the financial performance and position of the company.
• ‘Brexit Implications for Accounting and Filing’ In an article in the April 2019 edition of Accountancy Ireland, Mark Kenny & Barbara McCormack discuss the uncertainty in financial statements, accounting and filing exemptions, and financial reporting frameworks regarding Brexit.
• ‘Will IFRS 16 Disrupt Leasing’ In an article in the February 2019 edition of Accountancy Ireland, Terry O’Rourke writes about IFRS 16, the new international accounting standard on accounting for leases, and how it will change many companies’ balance sheet metrics.
• ‘Materiality in Financial Reporting’ In an article in the February 2019 edition of Accountancy Ireland, Michael Kavanagh discusses how minor tweaks to the definition of materiality by the International Accounting Standards Board could be more significant than they might appear.
• ‘Effective Workplace Reporting’ In an article in the December 2018 edition of Accountancy Ireland, Phil Fitz-Gerald from the FRC Lab writes on the performance metrics increasing importance in company valuation, what should be reported, and how?
• ‘IFRS...A sense of Déjà Vu’ In an article in the December 2018 edition of Accountancy Ireland, Terry O’Rourke discusses how a shake-up could be on the way for IFRS rules on accounting for goodwill and the presentation of the income statement.
• ‘Dive into the detail’ In an article in the April 2018 edition of Accountancy Ireland, Joanne Lonergan discusses how the measurement of reinsurance contracts under IFRS 17 can be complex, but an initial assessment can put the task into perspective.
• ‘Integrated Reporting Demystified’ In an article in the February 2018 edition of Accountancy Ireland, Judith Wylie & Anne Marie Ward discuss how integrated reporting could improve annual reports by reflecting a range of value-adding activities.
• ‘The changing face of your Profit and Loss Account’, an article in Accountancy Ireland by Terry O’Rourke, Chair of the Institute’s Accounting Committee and Barbara McCormack, Technical Manager in the Institute’s, Advocacy and Voice Team, looks at how the recent proposals from the International Accounting Standards Board could have dramatic effects on how companies present their financial performance.

Commentary should not be taken as advice or as a comprehensive analysis of all aspects. When reading information at the links above, due care should be taken of the date of issue and any developments in the interim that may not be reflected in the material published.

These pages are provided as resources and information only and nothing in these pages purports to provide professional or legal advice or definitive legal interpretation(s) or opinion(s) on the applicable legislation or legal or other matters referred to in the pages. If the reader is in doubt on any matter in this complex area further legal or other advice must be obtained. While every reasonable care has been taken by the Institute in the preparation of these pages, we do not guarantee the accuracy or veracity of any resource, guidance, information or opinion, or the appropriateness, suitability or applicability of any practice or procedure contained therein. The Institute is not responsible for any errors or omissions or for the results obtained from the use of the resources or information contained in these pages.