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IAASA publishes reports on the quality assurance review of firms that audit public-interest entities

March 11, 2024

Increase in percentage of inspected audit files needing improvement. Results are“disappointing.” Today, IAASA has published its 2023 quality assurance review reports in respect of sevenfirms that perform statutory audits of public-interest entities in Ireland.The reports summarise IAASA’s inspection of each firm’s implementation of the InternationalStandard on Quality Management (Ireland) 1 (ISQM 1) which was effective … Continued

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IAASA’s inspection insight series 4 – Engagement Quality Reviews

February 26, 2024

IAASA’s Audit Quality Unit evaluated the quality of EQRs for each audit selected for inspection in 2023, available here. IAASA’s YouTube channel also includes a video on EQRS available here.

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IAASA has published a Consultation paper on its proposal to adopt a Sustainability Assurance Standard in Ireland.

February 26, 2024

IAASA has published a Consultation paper on its proposal to adopt a Sustainability Assurance Standard in Ireland. The effective date of the standard will be for the assurance of sustainability reporting for financial years starting on or after 1 January 2024, as required by the European Corporate Sustainability Directive (CSRD). As required by the CSRD, … Continued

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IAASA invites potential members and advisors to enquiry/investigation committees

February 9, 2024

IAASA undertakes statutory enquiries (‘s933 Enquiries’) and investigations (‘s934 Investigations’) under the companies act 2014 and its own regulations. The preliminary stages are undertaken by the executive. From time to time, IAASA may need to establish committees to carry out full enquiries/investigations, where the matter cannot be settled by mutual agreement before that stage. Membership … Continued

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Outcome of financial statement examinations completed in 2023

January 30, 2024

Today, the Irish Auditing and Accounting Supervisory Authority (IAASA) has published a summary of the outcomes of its examinations of financial reports completed in 2023. This summary outlines the findings from financial statement examinations completed by IAASA’s Corporate Reporting Supervision Unit in the year. The summary indicates: The summary may be accessed here

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IAASA has published a Consultation paper on its proposal to revise International Standard on Auditing (ISA) (Ireland) 505

January 9, 2024

IAASA has published a Consultation paper on its proposal to revise International Standard on Auditing (ISA) (Ireland) 505 External Confirmations and make related conforming amendments to ISA (Ireland) 600 (Revised February 2023) Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors). The proposed effective date of the revised standard is … Continued

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Letter issued to CEOs of RABs regarding approval of statutory auditors as Sustainability Assurance Service Providers prior to 1 January 2026

November 29, 2023

IAASA issued a letter to the CEOs of Recognised Accountancy Bodies (RABs) with regard to the Supervisory Authority’s expectations for the initial approval of existing statutory auditors to be Sustainability Assurance Service Providers ( SASPs). Statutory Auditors approved prior to 1 January 2026, can seek approval as a SASP by acquiring the requisite knowledge of … Continued

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Reminder Closing Date 08/12/23 – Vacancies on the Technical Advisory Panel of the Irish Auditing and Accounting Supervisory Authority

November 28, 2023

The Irish Auditing and Accounting Supervisory Authority is seeking applications from suitably experienced candidates for appointment to its Technical Advisory Panel (‘TAP’) for two vacancies commencing in February 2024.  The TAP contributes to the work of IAASA in adopting auditing standards and related guidance for use in Ireland. Applications are invited from candidates from diverse backgrounds with … Continued

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Career opportunities in IAASA

November 23, 2023

IAASA is seeking to fill a number of roles. Corporate Reporting Specialists examine the compliance of certain entities’ periodic corporate reporting with applicable accounting standards (principally IFRS and Irish/UK GAAP) and relevant legislation. Additionally, they examine the compliance of those entities’ sustainability reporting in accordance with the Corporate Sustainability Reporting Directive (CSRD ). The Unit … Continued

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IAASA wants to hear your views!

November 20, 2023

IAASA has launched a Stakeholder Perceptions Survey to gather insights into how its stakeholders perceive IAASA. It focuses on IAASA achievement of its mission of “upholding quality corporate reporting and an accountable profession”. We’re also keen to understand your thoughts on IAASA’s communications, stakeholder engagement, and decision-making processes.  🔒 Rest assured, all responses are 100% … Continued

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