The landscape for lease accounting has taken a significant change since 1st January 2019 with IFRS 16 now replacing IAS 17 in accounting for leases. This new standard has been over 10 years in development since the first discussion paper was released by IASB back in 2009. It represents a fundamental change to accounting for […]
With 2019 well underway, attention is now turning to the various interim assessments (IAs) over the next couple of months. Although not all subjects at CAP1 and CAP2 have IAs, there is a growing number of assessments to deal with along with a busy period in work for most. However, it is also important that […]
It is that time of year again when the continuous assessment season draws to a finish and the focus begins to turn to study leave. While the length of study leave will vary for students depending on the level they are at (CAP1, CAP2 or FAE), the firm/company they work for, and the timetable they […]
Following on from a previous post on IAASA’s publication of their observations on topical financial reporting issues in 2017, IAASA have also just recently published the results of a desktop survey focusing on how Irish Plcs apply IAS 36. This is a great practical insight into the important issue of impairment testing in companies. Given the […]
It is not often that the worlds of deferred tax accounting, politics, and mainstream media intersect but the build up to the recent IPO of AIB was one such time. To say deferred tax is one of the most hated standards for students is an understatement, but the AIB IPO provides an interesting (ok, perhaps a stretch) […]
The Irish Auditing and Accounting Supervisory Authority (IAASA) has an important role in the accounting and auditing landscape in Ireland. The authority has a broad remit including being responsible for the examination and enforcement of Plc companies’ financial reporting, supervision of the regulatory functions of the professional accountancy bodies, and the inspection auditing of Public Interest Entities (‘PIEs’) (e.g. […]