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When and how can I change the information included on the public register for a third-country auditor/audit firm?

May 23, 2023

The Companies Act 2014 requires third-country auditors/audit entities to notify IAASA no later than one month after the event of any change to the information contained in the public register relating to them.   Applications for updates to or changes in information on the public register should be submitted to IAASA using update Form B-U(IE) … Continued

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What is transitional registration for third-country auditors?

May 23, 2023

The EU can issue Commission Decisions where, for a transitional period, certain third-country auditors and audit entities are exempt for a transitional period from meeting all the requirements of ‘full’ registration (the article 45 of Audit Directive registrations) and can apply for transitional registration instead. This is relevant only for third-country auditors/audit entities whose home … Continued

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Where can I find the public register of current third-country auditors/audit entities in Ireland?

May 23, 2023

The public register is maintained by the Companies Registration Office and is available here. When IAASA approves a registration, updates a registration or amends the information in relation to an existing registration, we submit the register to the Companies Registration Office.  

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What is a network (question 3 on Form B(IE), and update form B-U(IE))?

May 23, 2023

A network is defined in Article 2(7) of the EU audit Directive (Directive 2006/43/EU as amended) as the larger structure:   Which is aimed at cooperation and to which a statutory auditor or an audit firm belongs, and   Which is clearly aimed at profit or cost sharing or shares common ownership, control or management, … Continued

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When should a third-country auditor / audit entity register in Ireland?

May 23, 2023

Third-country auditors and third-country audit entities must register with IAASA in advance of providing an audit report concerning the accounts of a relevant audit client. Where an audit report is provided by a non-registered third-country auditor/audit entity (who is required to be registered in Ireland) that audit report has no legal effect in Ireland.

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What is a relevant audit client?

May 23, 2023

A relevant audit client is an audit client of the third-country audit firm. It is a company incorporated outside the EU/EEA and which has transferrable securities admitted to trading on a regulated market in Ireland. The issuers within article 2(1) of Directive 2004/109/EC are included except the following which the law specifically excludes:   The … Continued

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Which third-country auditors and third-country auditors audit entities must register?

May 23, 2023

Third-country audit entities that intend to provide an audit report concerning the accounts or consolidated accounts of a relevant audit client are required to register as third-country audit entities in Ireland. Each third-country auditor responsible for audits of the firm’s relevant audit clients is also required to apply to be included on the public register … Continued

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What information do I need to provide to IAASA ?

May 23, 2023

The initial registration form (Form B(IE) and Form B-1-6 (IE) Annexes ) includes a list of information requirements for all applicants. The forms are located here.   The annual renewal form (AR Form B (IE) and annexes) includes a list of the information required at annual renewal time. The annual renewal forms are located here. … Continued

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What information and documents does IAASA require for the administrative or management body of the third-country audit firm?

May 23, 2023

Question 6 on the application form (Form B (IE)) and question 6 on the update form (Form B-U (IE)) includes details of the requirements for each member of the administrative or management body of the firm. It also requires confirmation that the majority of this body hold a qualification that meets the requirements of the … Continued

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What information and documents does IAASA require for each third-country auditor that a third-country audit firm designates as being responsible for the audit of a relevant audit client of the firm?

May 23, 2023

Question 7 on the application form (Form B) and question 7 on the update form Form B-U includes details of the requirements for each new third-country auditor seeking registration in Ireland. Question 12 on the application form and question 9 on the update form includes additional requirements relating to the good repute of the firm’s … Continued

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