IAASA issued a letter to the CEOs of Recognised Accountancy Bodies (RABs) with regard to the Supervisory Authority’s expectations for the initial approval of existing statutory auditors to be Sustainability Assurance Service Providers ( SASPs). Statutory Auditors approved prior to 1 January 2026, can seek approval as a SASP by acquiring the requisite knowledge of … Continued

The Irish Auditing and Accounting Supervisory Authority is seeking applications from suitably experienced candidates for appointment to its Technical Advisory Panel (‘TAP’) for two vacancies commencing in February 2024.  The TAP contributes to the work of IAASA in adopting auditing standards and related guidance for use in Ireland. Applications are invited from candidates from diverse backgrounds with … Continued

IAASA is seeking to fill a number of roles. Corporate Reporting Specialists examine the compliance of certain entities’ periodic corporate reporting with applicable accounting standards (principally IFRS and Irish/UK GAAP) and relevant legislation. Additionally, they examine the compliance of those entities’ sustainability reporting in accordance with the Corporate Sustainability Reporting Directive (CSRD ). The Unit … Continued

IAASA has launched a Stakeholder Perceptions Survey to gather insights into how its stakeholders perceive IAASA. It focuses on IAASA achievement of its mission of “upholding quality corporate reporting and an accountable profession”. We’re also keen to understand your thoughts on IAASA’s communications, stakeholder engagement, and decision-making processes.  🔒 Rest assured, all responses are 100% … Continued

ESMA has launched a process to establish a Consultative Working Group (CWG) for Corporate Reporting of its Issuers Standing Committee (ISC) as the term of the existing CWG of the former Corporate Reporting Standing Committee (CRSC), which was replaced by the ISC in 2023, will expire shortly. ESMA is, therefore, calling for expressions of interest … Continued

IAASA has today published a financial reporting decision relating to Irish Continental Group plc’s accounting treatment of comparative amounts in its 31 December 2022 annual financial statements. IAASA concluded that, as the re-statement was not material, there was no non-compliance with IFRS and, accordingly, no corrective action was required. The financial reporting decision may be … Continued

The European Securities and Markets Authority (ESMA) has issued three reports.

IAASA seeks to fill a number of roles in its audit quality unit as its functions expand. Audit Inspectors inspect the quality of the audits of public interest entities as well as the internal quality control processes of the major audit firms. Additionally, they inspect the quality of work performed to support the assurance provided … Continued

IAASA has updated the auditing standards to reflect the conforming amendments required due to the adoption of the quality management standards. The quality management standards adopted by IAASA in December 2021 are: They are effective from December 2022. The standards that have been updated to reflect the conforming amendments are: A document setting out these … Continued