Report issued on 19 February 2019 covered the following practice issues:
New disclosure in respect of the impact of new accounting standards including IFRS 9 "Financial instruments", IFRS 15 "Revenue from contracts with customers” and IFRS 16 “leases”.
Extended disclosure of critical accounting judgements and estimates in relation to a change in exchange rate used for translation.
De-recognition of a retirement benefit surplus following a change in respect of whether a unconditional right to refund exists.
Discussion of key audit matters included in the audit report.
Adiitional disclosure in relation to provision for potential tax liability.
Sensitivity analysis presented in respect of goodwill impairment tests.