Monthly reporting pack - November 2012 |
This section provides a “signpost” to significant accounting and reporting developments and related publications during November 2012, both for Irish GAAP adopters and IFRS adopters.
Irish / UK developments
- FRC issues FRS 100 “Application of Financial Reporting Requirements” and FRS 101 “Reduced Disclosure Framework” FRS100 | FRS 101
- FRC release 2 Lab reports on “Debt terms and maturity tables” and “Operating and investing cash flows”
- FRC issues Foreword to Accounting Standards
- FRC’s Financial Reporting Lab announces second project on remuneration reporting
International developments
- ESMA announces IFRS enforcement priorities for 2012 financial statements | Public Statement
- IASB publishes exposure draft of “Annual Improvements to IFRSs 2011-2013 cycle”
- IASB proposes limited scope amendments to IAS 28 on application of equity method
- IASB publishes exposure draft of limited scope amendments to IFRS 9
- IASB work plan updated
- IVSC publishes exposure draft providing guidance on dealing with valuation uncertainty
- IVSC publishes exposure draft on valuation of forests
- IASB publishes new batch of editorial corrections
- Enhanced Disclosure Task Force (EDTF) presents findings from its report on risk disclosures of banks
- International Public Sector Accounting Standards Board (IPSASB) publishes public sector conceptual framework exposure drafts
- IOSCO report calls for further work on securitisation vehicles
- IIRC releases ‘prototype’ of the International Integrated Reporting Framework
- IFRS Foundation publishes IFRS taxonomy update for investment entities
Regulatory and related developments
- IAASA publishes observations on selected financial reporting issues for years ending on or after 31 December 2012
- IAASA publishes survey on the use of alternative performance measures
- Central Bank of Ireland consults on Irish regulatory regime for non-UCITS funds
- Central Bank of Ireland completes transfer of Transparency Directive supervision from Irish Stock Exchange
- Central Bank of Ireland publishes strategic plan 2013 -2015
Deloitte publications and articles
- Financial Reporting Brief – Update on the Future of Irish GAAP
- “A key message – Cut the clutter”
- “Joined Up Writing – Surveying Annual Reports” – Deloitte survey of listed annual reports
- IFRS in Focus – Fair value rules – new requirements for investment entities
- A closer look – Assessing hedge effectiveness under IFRS 9
- Insurance Accounting Newsletter November 2012
- IFRS project insights – Revenue recognition
- IFRS on point – IFRS accounting developments
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.
