Financial Reporting Brief - October 2012 |
The third quarter saw welcome news for many Irish companies with increases in the thresholds for both small company reporting and audit exemption.
Progress continues towards publication of the standards to replace current Irish and UK GAAP, and the overall objective is well in sight.
On the international front, IFRS 9 is evolving with publication of hedge accounting guidance, while the U.S. still seems undecided with the direction to be taken on IFRS.
Sustainability disclosures and integrated reporting are very much on the agenda and the third quarter saw more progress achieved.
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Financial Reporting Brief October 2012
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