Monthly reporting pack - December 2012 |
This section provides a “signpost” to significant accounting and reporting developments and related publications during December 2012, both for Irish GAAP adopters and IFRS adopters.
Irish / UK developments
- FRC updates standard on assumptions for pension scheme projections
- FRC reports positive uptake of UK Corporate Governance and Stewardship Codes in 2012 press release
- FRC Financial Reporting Lab calls for listed companies and investors to participate in project on the reporting of audit committees in annual reports press release
International developments
- EU endorses various new and amended IFRSs (including IFRS 10, 11, 12 and 13) and IFRIC 20
- IASB proposes amendments to IAS 16 and IAS 38 to clarify acceptable methods of depreciation and amortisation press release
- IASB proposes limited scope amendments to IFRS 11 press release
- IASB proposes limited scope amendments to IFRS 10 and IAS 28 press release
- IASB work plan updated
- IASB provides feedback on future work priorities press release
- IASB launches disclosure survey press release
- IVSC consults on valuation of investment property press release | discussion paper
- IVSC consults on valuation of specialised public service assets ED
- IFRS Foundation issues educational material on fair value measurement press release
- IFRS Foundation education initiative releases new IFRS for SMEs training material
- EFRAG issues draft comment paper on emissions trading schemes press release
- EFRAG publishes summary of post-implementation review of IFRS 8
Regulatory and related developments
- Companies Bill 2012 published - press release | Bill
- European Union (International Financial Reporting Standards) Regulations 2012 passed
- FEE publishes policy statement on EC proposals to recast 4th and 7th Accounting Directives
- European Commission adopts action plan to modernise and enhance European Company Law and Governance frameworks - press release | Action Plan
- Central Bank publishes consultation paper on fitness and probity regime for credit unions consultation paper
- The Credit Union and Co-operation with Overseas Regulators Act 2012 passed
Deloitte publications and articles
- Financial Reporting Brief – Special Edition – December 2012
- Financial Reporting – The Supervisors’ Priorities
- Deloitte IFRS compliance, presentation and disclosure checklist 2012
- IFRS in Focus – IASB proposes clarification of acceptable methods of depreciation and
amortisation - IFRS in Focus – Proposals for limited amendments to IAS 28
- IFRS in Focus – Annual improvements 2011-2013 cycle
- IFRS in Focus – Critical issues in uncertain times
- IFRS in Focus – Proposals for limited amendments to IFRS 9
- IFRS on Point – IFRS accounting developments November 2012
- iGAAP 2013 – A Guide to IFRS Reporting
- Insurance spotlight – Issue 6 – Transition- is the finish line in sight?
More insight
Our document Reporting new IFRS requirements to the Board of Directors/Audit Committee provides a summary of new and amended standards already applicable, an insight into those not yet mandatorily applicable, and proposed future developments.
We encourage you to refer to our Global Firm website, www.iasplus.com, which provides a world-leading continuously updated information source on international financial reporting developments.
