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December

CAQ issues publication on company-prepared information

04 Dec 2019

The Center for Audit Quality (CAQ) of the American Institute of Certified Public Accountants (AICPA) has released a publication 'The Role of Auditors in Company-Prepared Information: Present and Future'.

The report provides a foundational understanding of the current role of auditors in various types of company-prepared and publicly disclosed information and is intended to help investors and audit committees understand how auditors are positioned to help fill existing gaps in enhancing the reliability of decision-useful information. It argues that while today the role of auditors is largely limited to the audit of financial statements, changing business models and investor demand lead to companies increasingly providing information outside the financial statements. The report argues that auditors are poised to meet stakeholders’ needs in enhancing confidence in these other types of company-prepared information, which include non-GAAP financial measures, environmental, social, and governance information, cybersecurity reporting, and other communications about value-creation outside of financial statements.

For more information, see the press release and publication on the CAQ website.

December 2019 IASB meeting agenda posted

03 Dec 2019

The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 11–12 December 2019. There are nine topics on the agenda.

The Board will discuss the following:

  • Implementation matters
  • Accounting policies and accounting estimates
  • Financial instruments with characteristics of equity
  • Amendments to IFRS 17 Insurance Contracts
  • IFRS 3 reference to the Conceptual Framework
  • IFRS for SMEs review and update
  • IBOR reform and the effects on financial reporting
  • Subsidiaries that are SMEs
  • Business combinations under common control

The full agenda for the meeting can be found here. We will post any updates to the agenda, our comprehensive pre-meeting summaries as well as observer notes from the meeting on this page as they become available.

Agenda and slides for the upcoming MCCG meeting

03 Dec 2019

The IASB's Management Commentary Consultative Group will be meeting on 13 December 2019 in London. An agenda for the meeting is now available.

The meeting will focus on topics for further input, an overview of the staff’s current proposals, and supporting the adoption of the Practice Statement.

The agenda and slides for the meeting are available on the IASB's website.

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