3 September 2024 IFRS 18 Presentation and Disclosure in Financial Statements applies to annual reporting periods beginning on or after 1 January 2027. IAASA believes that in planning for and adopting IFRS 18, companies should seize the opportunity to re-evaluate their current financial reporting treatments and consider whether those processes can be improved to provide … Continued

Pursuant to its powers under section 931(4) of the Companies Act 2014 (‘the Act’), the Irish Auditing and Accounting Supervisory Authority (‘the Authority’) has decided that it is minded to revoke the recognition of the Institute of Certified Public Accountants in Ireland (CPA) granted under S.930 of the Act with effect from 1 September 2024. … Continued

The Irish Auditing and Accounting Supervisory Authority (IAASA) has today published its 2023 Annual Audit Programme and Activity Report. This report provides a summary of the activities performed by IAASA during 2023 to oversee the audit profession in Ireland and further includes regulatory engagement work proposed for 2024. The report outlines the outcome of IAASA’s … Continued

IAASA has published its annual Profile of the Profession for 2023. This contains statistical data provided by the six Prescribed Accountancy Bodies (‘PABs’) within IAASA’s supervisory remit. The Profile of the Profession presents an overview of the PABs’ members and students and includes statistics about the PABs’ regulatory and monitoring activities. The full report is available … Continued

IAASA issued a letter to the CEOs of Recognised Accountancy Bodies (RABs) with regard to the Supervisory Authority’s expectations for the initial approval of existing statutory auditors to be Sustainability Assurance Service Providers ( SASPs). Statutory Auditors approved prior to 1 January 2026, can seek approval as a SASP by acquiring the requisite knowledge of … Continued

Guidelines for the Recognised Accountancy Bodies to apply to their approval and registration function in respect of Statutory Auditors and Audit Firms The purpose of this document is to set out guidelines for the RABs to apply to their approval and registration function to support the achievement of the following outcomes and to meet the … Continued

IAASA has published its annual Profile of the Profession for 2022. This contains statistical data provided by the six Prescribed Accountancy Bodies (‘PABs’) within IAASA’s supervisory remit. The Profile of the Profession presents an overview of the PABs’ members and students and includes statistics about the PABs’ regulatory and monitoring activities. The full report is available … Continued