Homepage

Members Login

Font: A A A

Authority publishes observations on selected year end financial reporting issues

06/01/2012

Friday, 6th January, 2012: IAASA has today published observations on selected year end financial reporting issues affecting entities whose securities are listed on a regulated market and whose home Member State is Ireland.  The current economic backdrop results in ongoing risk and uncertainty in the recognition, measurement and classification of revenues, expenses, assets and liabilities in financial statements in respect of financial years ending on or after 31 December, 2011 as well as to associated risks in the context of presentation and disclosure. The importance of the role played by Boards and Audit Committees in considering and approving issuers’ periodic financial reports, as prepared on the directors’ behalf by management, is all the more important in such challenging circumstances.  Set against this backdrop the observations document has been developed with a view to providing information and assistance to issuers’ Boards and Audit Committees.

  • The document can be accessed here.
IAASA has in previous years issued similar documents and these can be accessed below:
 
News RSS