IAASA is responsible for the supervision of the six Prescribed Accountancy Bodies in Ireland.  Working its Regulatory & Monitoring Supervision unit, the Regulatory Supervisor will perform a diverse range of assignments relating to the supervision and regulation of the audit and accountancy profession, as set out in the Companies Act 2014.  The successful candidate will … Continued

IAASA is responsible for the supervision of the six Prescribed Accountancy Bodies in Ireland.  Working its Regulatory & Monitoring Supervision unit, the Regulatory Supervisor will perform a diverse range of assignments relating to the supervision and regulation of the audit and accountancy profession, as set out in the Companies Act 2014.  The successful candidate will … Continued

IAASA has recently redefined its mission as upholding quality corporate reporting and an accountable profession.  The programme builds on IAASA’s work to date towards achieving that mission across its broad spectrum of activities. The strands of the work programme encompass regulation, promotion of high standards and maximising our impact, and the programme builds strategies around each … 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 2023.  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

The European Securities and Markets Authority (ESMA) has published its annual priorities statement titled European common enforcement priorities for 2022 annual financial reports. That statement sets out the topics which European accounting enforcers believe those charged with governance should particularly consider when preparing, reviewing and auditing International Financial Reporting Standards (IFRS) financial statements for the year ending 31 December … Continued

Welcome to the October 2022 edition of our Standards Newsletter. Its aim is to provide the latest news and information about IAASA’s auditing and assurance standards projects. In this edition, you’ll find information on recently adopted standards as well as the standards that are due to become effective shortly, the ISA (Ire) 600 consultation and … Continued

IAASA has published a Consultation paper on its proposal to revise International Standard on Auditing (ISA) (Ireland) 600: Special Considerations – Audits of Group Financial Statements (including the Work of Component Auditors) and make related conforming amendments to other standards. The proposed effective date of the revised standard is for audits of group financial statements … Continued

ISA (Ireland) 315 (Revised October 2020), Identifying and Assessing the Risks of Material Misstatement, is effective for audits of financial statements beginning on or after 15 December 2021. The standards that have been updated to reflect the conforming amendments, including the corrections in the 2020 edition of the International Auditing and Assurance Standards Board’s Handbook, are:

ESMA has recently published an updated ESEF Reporting Manual applicable to the 2022 financial year. This manual includes the requirement to mark up the notes to and the accounting policies of the IFRS consolidated financial statements, following the “block tagging” approach. This has the potential to be a significant task and we encourage issuers to engage early … Continued

IAASA over recent weeks has published a series of videos designed to provide information on the new suite of Quality Management Standards in Ireland. The full series is available here. To accompany the video series, IAASA has published a factsheet for each Quality Management Standard available here. The new standards apply to periods from 15 December 2022. Firms … Continued