Monthly reporting pack - May 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
- IAASA publishes information note on financial reporting considerations relevant to the Takeover Bids Regulations
- ASB issues information sheet proposing UITF abstract on ”Residential Management Companies Financial Statements”
- FRC publishes its priorities and funding for 2012/13
- FRC consults on actuarial assumptions used in pension scheme projections
- FRC publishes report on compliance with Actuarial technical standards
International developments
- IASB issues annual improvements “2009-2011 cycle”
- IASB proposes annual improvements 2010-2012 cycle
- IASB releases updated work plan
- IFRS Interpretations committee publishes proposed guidance on levies and put options
Press Release - Options
Draft-Interpretation-Levies
Draft-Interpretation-Put-Options - IFRS for SME’s training module on hyper-inflation released
- IFAC publishes draft guidance on principles for effective business reporting processes
- ISDA compares derivative reporting under IFRS and US GAAP
Regulatory and related developments
- IFAC ethics board widens work plan to consider topical issues
- Financial Stability Board creates enhanced disclosures task force for financial institutions disclosures
- Central Bank publishes its 2011 Annual Report
