IAASA has published its 2024 Annual Report.   Kevin Prendergast, Chief Executive of IAASA introduces the report by emphasising the critical role of trust in Irish business: “Trust in Irish business depends on quality corporate reporting. Our 2024 Annual Report demonstrates our commitment to that trust.”  [Click to watch Kevin’s full video message]. Key highlights … Continued

About IAASAIAASA is Ireland’s independent regulator responsible for overseeing the auditing and accounting profession, promoting public trust and confidence in corporate reporting and assurance. Who Should Apply?The Minister is seeking candidates with: Desirable experience includes: Key Details The Minister encourages applications from diverse, qualified candidates to ensure the Board is a true reflection of Irish … Continued

IAASA is seeking to recruit an ICT & Facilities Executive.  The ICT & Facilities Executive will assist the Head of Corporate Services in the delivery of an effective administrative support function to the Authority, particularly in the areas of ICT and facilities management.    Further details of the post are available on our website at www.iaasa.ie/home/careers

IAASA’s second episode of our podcast ‘IAASA Insights’ series, Profile of the Profession is available now. Mary Healy, Senior Supervision Manager in IAASA’s Professional Body Supervision Team, discusses the regulation of the accountancy profession in Ireland, and shares key insights from IAASA’s Profile of the Profession publication. Listen now on IAASA’s YouTube Channel. Download the transcript

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