IAASA has issued a short questionnaire regarding the proposed redesign of the IAASA website. The purpose of this questionnaire is to obtain the views of stakeholders with regard to IAASA’s website, including its content, design and functionality. The questionnaire is available here. Stakeholders and interested parties are invited to provide responses to the questionnaire no later … Continued

Today, IAASA has published a quality assurance review report in respect of each of Ireland’s seven audit firms that perform statutory audits of public interest entities (PIE audit firms). Each of the reports summarise IAASA’s findings arising from the quality assurance reviews of the PIE audit firms that took place in 2020.  Where improvements are … Continued

The European Securities and Markets Authority (ESMA) has published its report “2021 Corporate reporting enforcement and regulatory activities”.  ESMA’s Report aims to assist companies, Audit Committees and their auditors to further improve future financial and non-financial reports, by assessing how companies comply with International Financial Reporting Standards (IFRS) and non-financial reporting obligations and adhere to ESMA’s recommendations. The … Continued

IAASA has today published summary information of its financial reporting enforcement activities undertaken during 2020. The Snapshot document may be accessed here.   The primary role of IAASA’s accounting enforcement activity is to examine the financial reports of the 91 listed entities within its remit for compliance with accounting standards.   In 2020, IAASA examined … Continued

IAASA’s corporate services unit provides a broad range of administrative supports to IAASA, and a Secretariat to the Board and to certain of its Committees.  The Legal Services Manager works as part of the corporate services team, reporting to the head of that unit.  S/he will also act as the Authority’s Data Protection Officer.  The … Continued

IAASA has today published its key messages for auditors in the area of cash and cash equivalents, available here. IAASA’s YouTube channel also now includes a video that shares questions asked by IAASA’s audit inspectors during 2021 in the area of cash and cash equivalents, available here.  

IAASA has published a Consultation Paper on its proposals to issue a revised version of ISA (Ireland) 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements The purpose of this consultation paper is to obtain the views of stakeholders with regard to IAASA’s proposals to issue revised standard and conforming amendments. The … Continued

IAASA, Ireland’s accounting enforcer, has today published a further compendium of financial reporting decisions. These decisions relate to accounting treatments applied by Bank of Cyprus Holdings plc, C & C Group plc, FBD Holdings plc, Irish Continental Group plc and Permanent TSB Group Holdings plc in their financial reports.   These decisions cover a range … Continued

IAASA invites expressions of interest in redeveloping its website, and hosting the new site for an initial period of 12 months. Detail of IAASA’s requirements can be downloaded here, or by accessing the Government e-tenders website, www.etenders.gov.ie. The closing date for receipt of expressions of interest has now passed, and late applications cannot be considered.

IAASA seeks to recruit a Project Executive to work in its Regulatory & Monitoring Supervision Unit.  Working as part of a small team, the successful candidate will assist in the performance in a diverse range of assignments relating to the supervision and regulation of the audit and accountancy profession, as set out in the Companies … Continued