Following public consultation, IAASA has today issued revised versions of: The main changes to the standards, which are designed to improve audit quality and enhance public confidence in audit in Ireland, are summarised in the feedback statement which is available here. IAASA recognises that this is a challenging time due to the impact of Covid-19 … Continued

IAASA, Ireland’s accounting enforcer, has today published an Information Note highlighting the accounting treatment applied by companies impacted by COVID-19.   IAASA is calling on companies to redouble their efforts to provide high quality, company specific disclosures of the impact of COVID-19 in their accounts so as to provide useful information to the users of … Continued

IAASA seeks to recruit a Project Executive to work in its Regulatory and Monitoring Supervision Unit for a period of up to 42 weeks, maternity cover.  Working as part of a small team, the successful candidate will assist in the performance in a diverse range of assignments relating to the supervision and regulation of the … Continued

IAASA has issued a paper discussing the audit of accounting estimates, available here. Accounting and auditing standards have evolved to reflect the ever increasing complexity of accounting estimates and a new standard on auditing accounting estimates comes into effect for periods beginning on or after 15 December 2019.  IAASA’s paper discusses the requirements of the … Continued

Senior Management Role in IAASA IAASA welcomes applications for the post of Company Secretary and Head of Corporate Services. IAASA is the State Body with responsibility for regulation and supervision of the auditing and accounting profession. It was established in 2006 and carries out its functions under the provisions of the Companies Act 2014. Reporting … Continued

IAASA is seeking to retain a Human Resources (HR) service provider to provide HR support services to the Authority. Such services are as follows: Advice on HR strategy including tailored approaches to key areas such as communications, training and development, coaching and performance management. Advising on HR policy and procedure and development of relevant documents … Continued

IAASA has published its Annual Report 2019, following its laying before the Houses of the Oireachtas by the Minister for Business, Enterprise & Innovation.  The Report details Authority’s work in 2019 across its broad remit.  Highlights from the 2019 Report include: a new Work Programme for the Authority covering the years 2020-2022;​ ongoing preparations by the Authority for the … Continued

In line with Government guidelines, IAASA has put short-term public health arrangements in place.  In general, IAASA staff will work from home for the period to 29 March 2020.  Interactions with stakeholders and members of the public will be by electronic means only, such as e-mail, video-conference etc.  Our offices will be closed during the … Continued

IAASA, Ireland’s accounting enforcer, has today published its annual Observations paper highlighting some significant topics that those charged with governance should consider when preparing their financial statements for 2020. IAASA’s paper highlights some key areas that warrant close scrutiny by those preparing, approving and auditing 2020 financial statements in the upcoming reporting season including: the … Continued

The European Securities and Markets Authority (ESMA) has today published its report “Enforcement and regulatory activities of European enforcers in 2019” which sets out the enforcement and regulatory activities undertaken in 2019 by European Union (EU) accounting enforcers. In 2019 EU accounting enforcers examined around 950 financial statements drawn up under IFRS, covering some 17% … Continued