About IAASA
IAASA’s VISION
Public trust and confidence in quality auditing and accounting
IAASA’S MISSION
Upholding quality corporate reporting and an accountable profession
IAASA’S VALUES
Excellence – Striving to be the best we can be
Independence – Regulating impartially and objectively
Integrity – Being trustworthy and respectful
IAASA’S KEY STATUTORY FUNCTIONS
IAASA supervises the accounting profession in Ireland by overseeing the quality assurance and disciplinary procedures of five Prescribed Accountancy Bodies (PABs).
IAASA monitors whether the financial and sustainability statements of certain listed entities comply with the relevant standards, primarily International Financial Reporting Standards (IFRS) and European Sustainability Reporting Standards (ESRS).
IAASA directly inspects the audits and sustainability assurance engagements of Public Interest Entities (PIEs), which are entities with securities listed on a regulated market, credit institutions, and insurance undertakings.
IAASA oversees the Recognised Accountancy Bodies (RABs) in their regulation of statutory auditors and sustainability assurance service providers. This includes licensing, education, quality assurance of non-PIE audit/assurance work, and investigation and disciplinary systems.
IAASA adopts standards on auditing, professional ethics, and internal quality control. Auditors must conduct statutory audits in accordance with these standards.
IAASA may adopt assurance standards for the assurance of sustainability reporting in the absence of European standards. Sustainability assurance service providers must perform such engagements in accordance with these standards.
IAASA may investigate matters relating to PIE audits and sustainability assurance engagements. It may also investigate whether prescribed accountancy bodies have carried out their functions in accordance with legislation and IAASA guidelines. IAASA also engages in a range of other activities, including registration and oversight of third-country auditors, collaborating with European and international counterparts, and advising the Minister for Enterprise, Tourism, and Employment on key auditing and accounting matters
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