TO ALL MEMBERS OF THE INSTITUTE
(TA_10/2020)
Subject: Technical Alert – September 2020 Highlights
This is ICPAC’s Technical Alert for September 2020, providing information about some of the latest news on standard-setting, European developments as well as sharing recent publications and articles relevant to the profession as shown below.
The TA 10/2020 can be downloaded here.
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September 2020 Highlights
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Standard-setting updates and other developments
IASB Update
- IASB Board Meeting
- IASB completes response to IBOR reform with amendments to IFRS Standards
IAASB Update
- New Illustrative Examples for ISA 540 (Revised) Implementation: Expected Credit Losses
- IAASB Discussion Paper on Fraud and Going Concern and related information gathering Roundtables
European Developments
- Financial stability: Commission addresses risks of Libor cessation
- Digital finance
- Developing Environmental Generally Accepted Accounting Principles
Publications and articles relevant to the profession
- Business assistance restrictions – state aid and ‘undertakings in difficulty’, ICAS
- Supercharge your audit process with AI, IFAC
- How Could Automation and AI Change the accountant’s Role? CPA
- SMP Pacesetters Embracing Technology, IFAC
- End of LIBOR in the US: How all industries, not just banks, can prepare, Journal of Accountancy
- What the experts say: How audits will look in the post-COVID-19 era, In the Black
- IFAC Calls for creation of an International Sustainability Standards Board alongside the IASB, IFAC
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