Technical Alert 12/2020 – November 2020 Highlights

November 2020 Highlights

Standard-setting updates and other developments

IASB Update

• November 2020 agendas and agenda papers avialable for the IASB and IASB-FASB joint meeting
• Applying IFRS Standards in 2020— impact of covid-19

IAASB Update

• Implementation plans for the quality management standards
• IAASB Communique details plans to address complexity, understandability, scalability, proportionality

ESMA Update

• European common enforcement priorities for 2020 annual financial reports
• ESMA identifies deficiencies in the German supervision of Wirecard's financial reporting

IPSASB Update

• IFAC Publishes User-Friendly Training Materials to Support IPSAS Implementation

European Developments

• Application of Regulation (EU) 2019/2088 on the sustainability-related disclosures in the financial services sector
• European Parliament publishes three studies on Wirecard

Publications and articles relevant to the profession

• COVID-19, IFRS 16 and lease accounting: The impairment question, INTHEBLACK
• Second Installment of Six-Part Anti-Money Laundering Educational Series, IFAC & ICAEW