Following public consultation last year, IAASA has published a revised Ethical Standard for Auditors (Ireland). As part of the revisions to the standard, IAASA has also updated its Glossary of Terms. IAASA has also published a feedback paper which summarises its response to the main points raised by the consultation respondents. The effective date of … Continued

IAASA has published a decision about the accounting treatment applied by Kenmare Resources plc in its 31 December 2023 annual financial statements. This decision focused on the company’s value-in-use (VIU) projections and how they considered climate change. Kenmare Resources plc provided voluntarily undertakings that future financial statements would: You can find the full financial reporting … Continued

IAASA hosted the IAASA-IAFA Conference on ‘Integrating Sustainability Reporting and Assurance into Accounting Education’ at Maynooth University last Friday 1 November 2024. The discussions on the sustainability imperative and the Corporate Sustainability Reporting Directive highlighted the significant changes already in progress and those ahead for accounting education. The dialogue on preparing future accountants for sustainability … Continued

IAASA has updated the auditing standards to reflect the conforming amendments required due to the revision of ISA (Ireland) 600, Audits of Group Financial Statements (Including the Work of Component Auditors) in February 2023. The revised standard is effective for financial periods beginning on or after 15 December 2023. The standards that have been updated … Continued

Following public consultation, IAASA has adopted ISAE (Ireland) 3000, Assurance Engagements Other Than Audits or Reviews of Historical Financial Information – Assurance of Sustainability Reporting in Ireland. This standard must be applied by auditors performing sustainability assurance engagements required by the European Corporate Sustainability Reporting Directive (CSRD). The standard is based on ISAE 3000 (Revised) … Continued

D’fhoilsigh UMICÉ páipéar comhairliúcháin chun tuairimí na bpáirtithe leasmhara a bhailiú maidir lena thogra chun an Caighdeán Eiticiúil d’Iniúchóirí (Éire) a athbhreithniú. 📅 Dáta Éifeachtach Beartaithe: Le haghaidh iniúchtaí ar ráitis airgeadais do thréimhsí dar tosach an 15 Nollaig 2025 nó dá éis. Ceadaítear glacadh go luath. Féach ar an bpáipéar comhairliúcháin agus ar an … Continued

IAASA has published a consultation paper to obtain stakeholders’ views on its proposal to revise the Ethical Standard for Auditors (Ireland). The proposed effective date of the revised standard is for audits of financial statements for periods beginning on or after 15 December 2025, early adoption is permitted. The consultation paper is available here. The proposed … Continued

Welcome to the July 2024 edition of our Standards Newsletter. In this edition you’ll find updates on assurance of corporate sustainability reporting in Ireland, recent revisions to ISA (Ireland) 505 External Confirmation, proposed revision of the Ethical Standard for Auditors (Ireland) and international developments. We hope you find it informative and helpful. The July edition … Continued