IAASA, Ireland’s accounting enforcer, in line with its established policy of publishing selected financial reporting decisions, has today published four financial reporting decisions regarding the accounting treatments applied by UDG Healthcare plc, Willow No. 2 (Ireland) plc and Vespucci Structured Financial Products plc.
These decisions include instances where the company voluntarily agrees to enhance its accounting treatment and/or disclosures in future financial reports to address matters identified in the course of IAASA’s examinations. They may also include instances where IAASA agrees with or does not disagree with the accounting treatment applied by the company and, consequently, no corrective actions by the company are required.
IAASA’s policy on publishing financial reporting decisions and the criteria to be met for such decisions to be published is set out in IAASA’s Policy Paper on Publication of IAASA’s Financial Reporting Findings.
The financial reporting decisions for each issuer are included in a compendium of decisions which can be accessed here.
IAASA will continue to publish selected financial reporting decisions periodically.