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Public trust and confidence in quality auditing and accounting


Upholding quality corporate reporting and an accountable profession


Excellence – Striving to be the best we can be

Independence – Regulating impartially and objectively

Integrity – Being trustworthy and respectful

IAASA is responsible for the supervision of the accounting profession in Ireland, through oversight of the quality assurance and disciplinary procedures of six Prescribed Accountancy Bodies (‘PABs’).

IAASA is responsible for examining the level of compliance of certain entities’ annual and half-yearly financial reporting with applicable financial reporting standards (in the main International Financial Reporting Standards (‘IFRS’) and Irish Generally Accepted Accounting Practice (‘GAAP’)).

IAASA is responsible for the oversight of statutory auditors in Ireland, including oversight of the manner in which the three Recognised Accountancy Bodies (‘RABs’) perform certain functions in respect of statutory auditors. These are approval and registration, continuing education, quality assurance systems and investigative and disciplinary systems.

IAASA is responsible for adopting standards on auditing, professional ethics and internal quality control. Auditors are required to carry out statutory audits in accordance with these standards.

IAASA has direct responsibility for the inspection of audits of Public Interest Entities (‘PIEs’), that is, entities with securities listed on a regulated market, credit institutions and insurance undertakings. IAASA directly regulates the relevant audit firms in respect of this element of their work.

IAASA is responsible for conducting investigations of issues arising from its inspection of the audits of PIEs and referrals from overseas competent authorities. IAASA also has the discretionary power to investigate non-PIE audit matters as well as whether a member of a PAB has complied with that body’s standards. IAASA may also conduct enquiries into whether a prescribed accountancy body has complied with its approved investigation and disciplinary process.

IAASA carries out a range of other activities, including registration and oversight of third country auditors, engaging with our peer European and international counterparts, and advising the Minister for Enterprise, Trade and Employment on key auditing and accounting matters.