IAASA, Ireland’s accounting enforcer, has a policy of publishing selected financial reporting decisions. Published decisions may 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 has today published selected financial reporting decisions regarding the accounting treatments adopted by the following companies:

• Paddy Power Betfair plc (IAS 8 – separately disclosed items);

• CRH plc, Glanbia plc & Kerry Group plc (IAS 12 – accounting for uncertain tax positions);

• Hibernian REIT plc (IFRS 13 – fair value measurements: unobservable inputs);

• DCC plc (IAS 12 – tax reconciliation); and

• DCC plc (IAS 33 – earnings per share).

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.