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IAASA publishes reports on the quality assurance review of firms that audit public-interest entities

Today, IAASA has published its 2021 quality assurance review report in respect of seven firms that perform statutory audits of public-interest entities in Ireland.

The reports summarise IAASA’s assessment of areas of each firms’ system of quality control and include any findings and recommendations made by IAASA to the firm. The reports also summarise the results arising from IAASA’s inspection of a sample of audits of public-interest entities performed by each firm, including the grades assigned to the audits inspected and any key recommendations made to the firm.

A guide to assist readers in understanding the quality assurance review reports can be accessed here.

Should you have any further queries, please contact IAASA.