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

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published: These documents are designed to support the consistent application and supervision of sustainability reporting requirements across the EU. The purpose of the GLESI is to provide guidance to build convergence on supervisory practices in the area of sustainability reporting. … Continued

Minister for Enterprise, Trade and Employment, Peter Burke TD has today signed into law the Statutory Instrument giving effect to the provisions of the Corporate Sustainability Reporting Directive (CSRD). The SI provides for the following key elements: The EU has already approved the European Sustainability Reporting Standards which will apply to companies in scope for … Continued

Following the laying of the report by the Minister, IAASA has published its Annual Report for 2023. Highlights from the report include: Commenting on the Annual Report, Chief Executive Officer Kevin Prendergast said: “IAASA continues to support the highest standards of auditing and corporate reporting quality. This is achieved through our regulatory approach that sets … Continued

IAASA undertakes statutory enquiries (‘s933 Enquiries’) and investigations (‘s934 Investigations’) under the companies act 2014 and its own regulations. The preliminary stages are undertaken by the executive. From time to time, IAASA may need to establish committees to carry out full enquiries/investigations, where the matter cannot be settled by mutual agreement before that stage. Membership … Continued

IAASA is seeking to recruit a finance & travel officer. IAASA’s corporate services unit provides all internal support services to the Authority, including finance, HR, ICT, facilities management and administration, together with company secretarial functions. The finance & travel officer processes payments for IAASA, and makes international and local travel bookings for staff. The successful … Continued

IAASA and the Irish Accounting & Finance Association (IAFA) are delighted to announce a research funding competition to support and advance research projects for IAFA members. Applications from researchers within all accounting and finance disciplines are welcome. Research projects with a specific focus on the following areas are encouraged: Applications are now open and will … Continued