IAASA, Ireland’s accounting enforcer, has a policy of publishing selected financial reporting decisions.
IAASA has today published selected financial reporting decisions regarding the accounting treatments applied by Boost Issuer plc, a debt issuer, CRH plc, Kerry Group plc and Ryanair Holdings plc, the latter three being equity issuers.
These decisions include instances where the company voluntarily agrees to enhance its accounting treatment and/or disclosures in future financial reports to address matters identified in the course of IAASA’s examinations and instances where IAASA agrees with or did not disagree with the accounting treatment applied by the company and, consequently, no corrective actions by the company are required.
IAASA’s policy on publishing financial reporting decisions and the criteria to be met for such decisions to be published is set out in IAASA’s Policy Paper on Publication of IAASA’s Financial Reporting Findings.
The financial reporting decisions for each issuer are included in a compendium of decisions which can be accessed here.