Thursday, 16th October, 2014: IAASA’s statutory role includes examining whether the annual and half-yearly financial reports (collectively referred to as ‘periodic financial reports’) of certain entities whose securities have been admitted to trading on a regulated market, situated, or operating within the EU (‘issuers’) have been drawn up in accordance with the requirements of the relevant reporting framework as laid down by the Transparency (Directive 2004/109/EC) Regulations, 2007 (‘the Transparency Regulations’). IAASA’s examination constituency in this regard comprises issuers of equity and debt as well as closed ended funds. These issuers publish an aggregate of approximately 260 periodic financial reports per annum.
IAASA selects issuers’ periodic financial reports for examination based on risk assessment criteria, supplemented by cyclical and random selections. Given the level of IAASA’s examination activity, together with the scale and nature of the examination constituency, IAASA anticipates a requirement to supplement its internal professional resources from time to time by engaging the services of suitably qualified and experienced providers of statutory financial reporting expertise. Accordingly, IAASA wishes to update its existing Panel of individuals and firms who are interested in being considered for such engagements. Further information on this requirement can be found below:
• Invitation of Expressions of Interest for the Provision of Statutory Financial Reporting Full Scope Review Services
In addition to the existing Panel of Full Scope Reviewers, IAASA anticipates a requirement to supplement its internal professional resources by engaging the services of individuals/firms to provide financial reporting advisory services. Consequently, IAASA now seeks to establish a second Panel of suitably qualified individuals/firms to provide such services as the needs arise. Further details can be found below:
• Invitation of Expressions of Interest for the Provision of Financial Reporting Advisory Services
The closing date for receipt of Expressions for both Panels is 17:00 on Friday, 31 October 2014. Late applications will not be considered.