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Consultation Paper Proposal to Revise ISA(Ireland) 570


IAASA has today issued a consultation paper seeking the view of stakeholders regarding IAASA’s proposal to issue a revised version of ISA (Ireland) 570 Going Concern.

The consultation paper can be accessed here.

The accompanying Exposure Draft – Proposed ISA (Ireland) 570 (Revised) can be accessed here.

The changes proposed are in line with the changes that are proposed and currently under consultation by the Financial Reporting Council (FRC), which can be found here.


IAASA supports the proposed amendments, noting their importance in supporting an enhanced focus by auditors on going concern. IAASA believes that they represent an improvement to the current ISA (Ireland) 570 and will lead to improvements in audit quality.


Stakeholders and interested parties are invited to provide responses by e-mail only to –

[email protected] no later than 5:00pm, Friday 28 June 2019.