Developments of interest this week are outlined.
Chartered Accountants Ireland
ROI
- IAASA has published a Consultation Paper on its proposals to issue Sanctions Guidance with responses due by 11 December 2020.
UK
- The Financial Reporting Council (FRC) Lab has released its October 2020 newsletter.
- The FRC has published its Annual Review of Corporate Reporting, which reveals the FRC’s ‘top ten’ areas where improvements to reporting quality are needed so users of accounts have a clearer understanding of company performance and position.
- The FRC has published a draft UK Endorsement Criteria Assessment on the IASB’s Amendments to IFRS 4 - Extension of the Temporary Exemption from Applying IFRS 9 (the Amendments).
European
- Accountancy Europe has published a blog on Reliable non-financial information to progress sustainable finance By Vita Ramanauskaité.
- The European Securities and Markets Authority (ESMA) has published its annual priorities statement titled European common enforcement priorities for 2020 annual financial reports.
International
- Ahead of the anticipated release of its suite of new quality management standards following Public Interest Oversight Board approval later this year, the IAASB has developed implementation plans for each of the three standards.