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Application for revocation of the recognition of the Institute of Chartered Accountants in England and Wales (‘ICAEW’)

28/04/2021

Pursuant to its powers under section 931(4) of the Companies Act 2014 (‘the Act’), the Irish Auditing and Accounting Supervisory Authority (‘the Authority’) has decided that it is minded to revoke the recognition of the Institute of Chartered Accountants in England and Wales (‘ICAEW’) granted under S.930 of the Act with effect from 21 July 2021. This will mean that ICAEW may no longer authorise individuals or firms as statutory auditors in Ireland or undertake any audit related regulatory functions from 21 July 2021. This decision follows the application by the ICAEW to the Authority for revocation of its recognition. 

By virtue of the revocation of its recognition, ICAEW will no longer be a prescribed accountancy body under the Act and therefore, will no longer come under the remit of the Authority with effect from 21 July 2021.

 

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