Monthly reporting pack - June 2012 |
This section provides a “signpost” to significant accounting and reporting developments and related publications during the month, both for Irish GAAP adopters and IFRS adopters. Our document IFRS – Current Status provides a summary of new and amended standards applicable in 2011, 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.
Irish / UK developments
- FRC issues update responding to country and currency risk in interim financial reporting
- Sharman Panel publishes final report and recommendations
- FRC’s Board for Actuarial Standards consults on actuarial standards for pension incentive exercises
- FRC publishes report “A single figure for remuneration”
- Property Services Regulatory Authority (PSRA) publishes new regulations and accountant’s reports
- FRC’s Professional Oversight Board publishes key facts and trends in the accountancy profession 2012
- Reform of FRC approved by parliament
International developments
- IASB issues updated work plan
- IASB issues request for information in connection with a comprehensive review of IFRS for SMEs
- IASB amends transition guidance for IFRS 10,11 and 12
- EU endorses amendments to IAS 1 and IAS 19
- EFRAG reports findings of supplementary study regarding consolidation of SPEs under IFRS 10
- IFRS Foundation publish annual report for 2011
- IPSASB consults on public sector combinations
Regulatory and related developments
- FRC to consult on executive remuneration
- FEE publishes discussion paper calling for improvements to functioning of audit committees
Deloitte publications and articles
- IFRS in Focus – Put options on NCI
- IFRS in Focus – Levies
- Insurance Accounting Newsletter - June 2012
- Financial Stability and Transparency – Consistent objectives?
