IAASA has published a Consultation Paper on its proposals to issue a revised version of ISA (Ireland) 315, Identifying and Assessing the Risks of Material Misstatement.
The purpose of this consultation paper is to obtain the views of stakeholders with regard to IAASA’s proposals to issue revised standard and conforming amendments.
The Consultation paper and the proposed revised standard are available here.
The proposed effective date of the revised standards in Ireland is for the audits of financial statements with accounting periods beginning on or after 15 December 2021.
Stakeholders and interested parties are invited to provide responses to the above questions by e-mail only to [email protected] no later than 5pm on Friday 25 September 2020.