Analytical Procedures International Standard on Auditing (Ireland) ISA 520 deals with theauditor’s use of analytical procedures as substantive procedures (“substantiveanalytical procedures”). Effective Date ISA (Ireland) 520 is effective for the audits of financial statements for periodscommencing on or after 17 June 2016, for which opinions are issued on or after 1February 2017. Current Standard ISA … Continued

External Confirmations  International Standard on Auditing (Ireland) 505 deals with the auditor’suse of external confirmation procedures to obtain audit evidence in accordance withthe requirements of ISA (Ireland) 330 (Revised August 2018) and ISA (Ireland) 500(Revised July 2017). Effective Date ISA (Ireland) 505 is effective for the audits of financial statements for periodscommencing on or after … Continued

Initial Audit Engagements – Opening Balances International Standard on Auditing (Ireland) 510 deals with the auditor’sresponsibilities relating to opening balances in an initial audit engagement. Effective Date ISA (Ireland) 510 is effective for the audits of financial statements for periodscommencing on or after 17 June 2016, for which opinions are issued on or after 1February … Continued

Identifying and Assessing the Risks of Material Misstatement  International Standard on Auditing (Ireland) 315 deals with the auditor’sresponsibility to identify and assess the risks of material misstatement in the financial statements. Effective Date ISA (Ireland) 315 is effective for audits of financial statements for periods beginning on or after15 December 2021. Current Standard ISA (Ireland) … Continued

Materiality in Planning and Performing an Audit International Standard on Auditing (Ireland) 320 deals with the auditor’s responsibility to apply the concept of materiality in planning and performing an audit of financial statements. Effective Date ISA (Ireland) 320 is effective for the audits of financial statements for periods commencing on or after 17 June 2016, … Continued

The Auditor’s Responses to Assessed Risks  International Standard on Auditing (Ireland) 330 deals with the auditor’sresponsibility to design and implement responses to the risks of material misstatementidentified and assessed by the auditor in accordance with ISA (Ireland) 315 in an auditof financial statements. Effective Date ISA (Ireland) 330 is effective for the audits of financial … Continued

Audit Considerations Relating to an Entity Using a Service Organization International Standard on Auditing (Ireland) 402 deals with the userauditor’s responsibility to obtain sufficient appropriate audit evidence when a userentity uses the services of one or more service organizations. Effective Date ISA (Ireland) 402 is effective for the audits of financial statements for periodscommencing on … Continued

Evaluation of Misstatements Identified during the Audit International Standard on Auditing (Ireland) 450 deals with the auditor’sresponsibility to evaluate the effect of identified misstatements on the audit and ofuncorrected misstatements, if any, on the financial statements. Effective Date ISA(Ireland) 450 is effective for the audits of financial statements for periods commencingon or after 17 June … Continued

Audit Evidence International Standard on Auditing (Ireland) 500 explains whatconstitutes audit evidence in an audit of financial statements, and deals with theauditor’s responsibility to design and perform audit procedures to obtain sufficientappropriate audit evidence to be able to draw reasonable conclusions on which to basethe auditor’s opinion. Effective Date ISA (Ireland) 500 is effective for … Continued

Audit Evidence – Specific Considerations for Selected Items International Standard on Auditing (Ireland) 501 deals with specificconsiderations by the auditor in obtaining sufficient appropriate audit evidence inaccordance with ISA (Ireland) 330, ISA (Ireland) 500 and other relevant ISAs(Ireland), with respect to certain aspects of inventory, litigation and claims involvingthe entity, and segment information in an … Continued