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Publication of financial reporting decision – Irish Continental Group plc

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 accessed here.

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 Publication of information regarding IAASA’s financial reporting supervision activities (revised December 2022). While IAASA has heretofore published decisions periodically as a compendium, under this revised Publications Policy, decisions are now published on an individual basis soon after the decision is reached.