TITLE

IAASA' S LATEST OBSERVATIONS ON FINANCIAL REPORTING ISSUES

AUTHOR(S)
Kavanagh, Michael
PUB. DATE
December 2014
SOURCE
Accountancy Ireland;Dec2014, Vol. 46 Issue 6, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the Irish Auditing and Accounting Supervisory Authority's (IAASA) annual "Observations" document which highlighted the auditing of 2014 financial statements. Topics discussed include the disclosure of deferred tax assets, recognition of uncertain tax positions (UTPs), and disclosure of cash generating units (CGUs). Also discussed are accounting standards dealing with consolidated financial statements.
ACCESSION #
99822875

 

Related Articles

  • FRS 19 - and more. Holgate, Peter // Accountancy;Dec2002, Vol. 130 Issue 1312, p103 

    This article presents a report on the implementation of the deferred tax and some changes in standards of Financial Reporting Standard (FRS) 19 in 2002. Deferred tax provides a range of accounting changes that is expected to have a profound effect on the balance sheet ratios and the whole way in...

  • A Reference for Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement. Lambert, Joyce C. // CPA Journal;Feb2014, Vol. 84 Issue 2, p13 

    The article offers information on audits on single financial statements and their specific accounts. Topics include the revision of audit standards for financial statements by the Clarity Project, the auditor's need to determine if an account is based on stockholders' equity, and...

  • Financial statement disclosures -- breaking bad habits.  // Chartered Accountants Journal;Nov2013, Vol. 92 Issue 10, p34 

    The article focuses on the need to make changes to existing financial reporting standards to ensure more effective financial statement disclosures. Measures taken by the International Accounting Standards Board (IASB) to improve existing disclosure requirements include revising the 2010...

  • Finance, Accountancy and Taxation: 3.2 Accounting and Audit.  // Doing Business with Slovenia;2005, p87 

    Discusses the accounting and auditing standards in Slovenia. Influence of the International Accounting Standards on the development of the Slovenian Accounting Standards; Overview of the provisions of the Auditing Act and the Commercial Companies Act; Emphasis of the rulings on the financial...

  • Bias in accounting estimates -- a grey area for auditors. Nolan, Ronan // Accountancy Ireland;Feb2005, Vol. 37 Issue 1, p16 

    Explains the potential for bias in accounting estimates in auditing financial statements. Biased approach by management in arriving at the totality of accounting estimates; Factors that change preparers' and auditors' perspective on accounting estimates; Provisions under the Accounting Standards...

  • NZ Framework a key component in financial reporting. Scott, Joanne // Chartered Accountants Journal;Nov2005, Vol. 84 Issue 10, p33 

    The article presents information about Framework for the Preparation and Presentation of Financial Statements (NZ Framework), issued by the Financial Reporting Standards Board to the International Accounting Standards Board (IASB). The NZ Framework is an essential component of New Zealand...

  • Progress in the US towards a conceptual framework. Findlater, Richard; Constantine, John // Accountancy;Mar1980, Vol. 91 Issue 1039, p126 

    This article focuses on the progress of accounting principles and reporting practices in Great Britain. Much has been said about the need to establish a conceptual framework within which more rational decisions concerning detailed accounting principles and reporting practices could be made. Few...

  • Aggressive earnings management. Grant, Jon // Accountancy;Jul2001, Vol. 128 Issue 1295, p123 

    This article reports on the consultation paper issued by Great Britain's Auditing Practices Board (APB), as of July 2005, on Aggressive Earnings Management to alert executive directors, non-executive directors, auditors and regulators, and users of financial statements to the potential threat...

  • Accounting Policies.  // Accountancy;Feb2000, Vol. 125 Issue 1278, p164 

    This article focuses on the accounting policy of Great Britain, Financial Reporting Exposure Draft (FRED) 21, as of February 2000. FRED 21 addresses the selection, application and disclosure of accounting policies. It proposes the withdrawal of the existing accounting standard or SSAP 2, the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics