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

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.

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

The European Securities and Markets Authority (ESMA) has issued three reports.

IAASA has today published its key messages for auditors in the area of communication with TCWG, available here. IAASA’s YouTube channel also includes a video that shares questions asked by IAASA’s audit inspectors during 2022 and 2023 in the area of communication with TCWG, available here.

As part of the IAASA Audit Committee Briefing 2023 we will be hosting a panel session moderated by the IAASA CEO Kevin Prendergast. Please find details and information below regarding this years’ panelists. Stephen Groarke – Elavon Financial Services Stephen Groarke is European CFO and Executive Director of Elavon Financial Services.  He worked previously at … Continued

Ahead of next month’s Audit Committee Briefing, IAASA can confirm three more of the speakers who will be joining us on the day. Please see below for more information regarding the speakers and their area of expertise. The agenda for the day can also be found here. Dr. Caroline McGroary (North-West Society – Chartered Accountants … Continued

Ahead of next month’s Audit Committee Briefing (book tickets here), IAASA can confirm two of the speakers who will be presenting on the day. Please see below for more information regarding the speakers and their area of expertise. Jacky Fox (Managing Director at Accenture Security). Jacky leads Accenture’s European security practice. She has 20+ years’ experience in technology … Continued

IAASA, Ireland’s accounting enforcer, has today published a Paper “Transparency Regulations – information requests”. Companies are required to publish a Management Report setting out a fair review of the development and performance of the business and the position of the company along with a description of the principal risks and uncertainties that the company faces. … Continued

IAASA publishes its AAPA Report for 2022. The Irish Auditing and Accounting Supervisory Authority (IAASA) has published its 2022 Annual Audit Programme and Activity Report. This report provides a summary of the activities performed by IAASA during 2022 to oversee the audit profession in Ireland. The report outlines the outcome of IAASA’s quality assurance review … Continued