10 June 2025 IAASA has today published decisions about accounting treatments applied by Kingspan Group plc in its 31 December 2023 annual financial statements. These two decisions relate to: The disclosure of a contingent liability arising from an Article 14(1) of the EU Merger Regulation investigation by the European Commission (EC) to determine whether Kingspan … Continued

13 May 2025 IAASA is seeking feedback on a proposed policy – Publication of Information regarding IAASA’s Corporate Reporting Supervision Activities. This updated policy proposes transparency in the results of sustainability reporting examinations as well as financial reporting examinations following the coming into force of the European Corporate Sustainability Reporting Directive (CSRD). IAASA welcomes all … Continued

IAASA has today published a decision about the accounting treatment applied by Glanbia plc in its 30 December 2023 annual financial statements. This decision focused on the identification of cash-generating units (CGUs) by the issuer which, in turn, impacts the level at which a company performs impairment tests. Glanbia plc provided voluntarily undertakings that future … Continued

28 May 2024 The European Securities and Markets Authority (ESMA) has published the 29th Extract from its database of enforcement decisions taken by EU accounting enforcers. The objective of the publication is to provide issuers and users of financial statements with relevant information on the appropriate application of the International Financial Reporting Standards (IFRS). This … Continued

10 May 2024 The EU Taxonomy Regulation sets out a classification system that defines criteria for economic activities that are aligned with a net zero trajectory by 2050 and the broader environmental goals other than climate. IAASA undertook a desktop examination of the Taxonomy Regulation disclosures of a sample of issuers’ financial statements and has … Continued

IAASA has today published a financial reporting decision relating to Dalata Hotel Group plc’s accounting treatment of the proceeds from the sale of residential units as revenue in its 31 December 2022 annual financial statements. Dalata Hotel Group plc provided voluntarily undertakings that future financial statements would: The financial reporting decision may be accessed here. … Continued

ESMA has launched a process to establish a Consultative Working Group (CWG) for Corporate Reporting of its Issuers Standing Committee (ISC) as the term of the existing CWG of the former Corporate Reporting Standing Committee (CRSC), which was replaced by the ISC in 2023, will expire shortly. ESMA is, therefore, calling for expressions of interest … Continued

IAASA has today published a financial reporting decision relating to Irish Continental Group plc’s accounting treatment of comparative amounts in its 31 December 2022 annual financial statements. IAASA concluded that, as the re-statement was not material, there was no non-compliance with IFRS and, accordingly, no corrective action was required. The financial reporting decision may be … Continued

IAASA, Ireland’s accounting enforcer, has today published its annual Observations paper highlighting matters that management, Audit Committees and auditors should consider when preparing, approving and auditing financial statements for 2023 year end dates. The paper notes that 2023 financial statements will be prepared against continued uncertainty in the economic outlook such as: The Observations paper … Continued