Monday July 13, 2020

Accounting watchdog eyeing Brexit reports

Companies must include risks in half-year reports, says IAASA

13th July, 2016
Firms must assess Brexit currency risks Pic: Getty

The Irish Auditing and Accounting Supervisory Authority (IAASA) has issued a note advising companies on how to address issues raised by Brexit in their financial reports for the first half of 2016.

The watchdog says that while the details of what happens next are yet to be negotiated, the outcome of the referendum is likely to affect many companies and organisations outside Britain.

It says companies or funds trading on regulated markets are required publish half-yearly...

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