On 31 July, only three weeks after the end of the public consultation on the draft delegated act, but a month behind the schedule set by the Corporate Sustainability Reporting Directive (CSRD), the European Commission adopted the final regulation on the first set of European Sustainability Reporting Standards (ESRS), after making a few last-minute changes based on the responses (more than 600) received.
The final text of the ESRS is expected to be published in the Official Journal of the European Union by the end of this year (provided the European Parliament and the Council do not raise any objection), for entry into force from 1 January 2024 for the first companies concerned by the CSRD.
Audit & assurance news
Since the start of the year, many Central Bank of Ireland (CBI) articles and speeches have called out the Payments Institutions (PI) and Electronic Money Institutions (EMI) sector as being one of increased risk. One area of focus has been the wind-down plans for relevant institutions, ensuring that these are credible and prioritising minimising any negative impact on consumers.
2024 has seen the appointment of two new commissioners in the Data Protection Commission (DPC). The Digital Services Act is now effective, with several large organisations already being required to comply and establish a new regulator, Comisiún na Meán.
The role reports to the President and provides executive, administrative, and development support. The Director of the Office of the President serves as the primary point of contact for internal and external stakeholders on all matters pertaining to the President, serves as a liaison to the Governing Body and senior leadership team when required, and oversees internal and external communications for...
Documents
Beyond the GAAP no.179 - July - August 2023
Index - Beyond the GAAP no.179 - June - August 2023