IAASA, Ireland’s accounting enforcer, has today published a further compendium of financial reporting decisions. These decisions relate to accounting treatments applied by Bank of Cyprus Holdings plc, C & C Group plc, FBD Holdings plc, Irish Continental Group plc and Permanent TSB Group Holdings plc in their financial reports.
These decisions cover a range of accounting matters as follows:
- IAS 10 Events after the Reporting Period
- IAS 36 Impairment of Assets
- IFRS 7 Financial Instruments: Disclosures
- IFRS 16 Leases
These decisions include instances where the company voluntarily agreed to enhance its accounting treatment or disclosures in future financial reports to address matters identified in the course of IAASA’s examinations.
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 company are included in a compendium of decisions which can be accessed here.
IAASA will continue to publish selected financial reporting decisions periodically.