June 2020 Highlights

Standard-setting updates and other developments

IASB Update

• June Board meeting
• COVID-19-Related Rent Concessions - Amendment to IFRS 16
• IASB issues package of narrow-scope amendments to IFRS Standards
• Webcast – A primer for investors on how to get the most out of companies' IFRS 9 and IFRS 7 disclosures

IAASB Update

• ISA 540 (Revised) Implementation: illustrative examples for auditing simple and complex accounting estimates
• Weekly Webinar Series – ‘Practical Audit Quality Considerations for Auditing in the Pandemic Environment - Planning, Execution, Auditor Reporting and Looking Ahead'

ESMA Update

• ESMA publishes example of an annual financial report in ESEF format

European Developments

• Update on ESEF Regulation

Publications and articles relevant to the profession

• Summary of Covid-19 Audit Considerations, IFAC
• Exclusive Webinar - How Small Firms Can Evolve in the Covid-19 Environment, IFAC