Skip to content


Under the Transparency (Directive 2004/109/EC) Regulations 2007 (as amended), which transpose the EU Transparency Directive (Directive 2004/109/EC) (‘the EU Transparency Directive’) into Irish law, IAASA is designated as Ireland’s accounting enforcer.

The EU Transparency Directive sets out the information requirements applying to entities whose securities are admitted to trading on a regulated market in the EU. The EU Transparency Directive seeks to improve transparency in EU capital markets through a common framework which requires:

  • the production of periodic financial reports
  • shareholders to disclose major shareholdings
  • the dissemination of regulated information, and
  • the provision of central mechanisms for sharing regulated information.

The main activities undertaken by IAASA in meeting its role of supporting and enhancing public confidence in financial reporting are:

  • examining whether or not annual and half-yearly financial reports of issuers with the relevant reporting framework (i.e., principally International Financial Reporting Standards (‘IFRS’) as endorsed by the EU or Financial Reporting Standards as issued by the Financial Reporting Council (UK)
  • co-operation with EU National Accounting Enforcers to promote the consistent enforcement of IFRS across the EU
  • co-operation in the development of financial reporting standards, and
  • providing accounting advice to the Minister for Enterprise, Trade and Employment.

Find out more about how we supervise financial reporting in Ireland in our explainer factsheets and video at the following links: