The European Securities and Markets Authority (ESMA) has published updated Guidelines on the Enforcement of Financial Information. These revised Guidelines, which are a revision to Guidelines published in July 2014, apply to accounting enforcers when undertaking examinations of financial information under the Transparency Directive.   The revised Guidelines set out the principles EU accounting enforcers, … Continued

IAASA, Ireland’s accounting enforcer, has today published an Information Note IFRS 8 Operating Segments – Identification of Chief Operating Decision Maker (CODM). One of the identifying features of an operating segment is that the segment results are regularly reviewed by the Chief Operating Decision Maker (CODM). Therefore, the identification of the CODM is an important … Continued

IAASA imposes sanctions on EisnerAmper Audit Limited Following audit quality inspections undertaken by IAASA and an investigation under section 934 of the Companies Act 2014, EisnerAmper Audit Limited and two individuals have agreed to the imposition of fines and costs totaling €122,000 and other sanctions. The details are as follows: EisnerAmper Audit Limited A fine … Continued

IAASA has published a Consultation Paper on its proposals to issue a revised version of ISA (Ireland) 315, Identifying and Assessing the Risks of Material Misstatement. 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 Consultation paper and … Continued

In view of today’s announcement from the Taoiseach, IAASA staff will no longer be accessing its offices.  This means that hard-copy post will not be processed until restrictions are lifted, currently suggested as **19 April.  In the meantime, all IAASA staff continue to undertake their functions remotely.  IAASA can be contacted electronically by e-mail (direct … Continued

IAASA has today published summary information of its financial reporting enforcement activities undertaken during 2019. The Snapshot document may be accessed here .   The primary role of IAASA’s accounting enforcement activity is to examine the financial reports of those 95 listed entities within its remit for compliance with accounting standards.   In 2019, IAASA:  … Continued

Following public consultation, IAASA has today issued revised versions of: The main changes to the standards, which are designed to improve audit quality and enhance public confidence in audit in Ireland, are summarised in the feedback statement which is available here. IAASA recognises that this is a challenging time due to the impact of Covid-19 … Continued

IAASA seeks to recruit a Project Executive to work in its Regulatory and Monitoring Supervision Unit for a period of up to 42 weeks, maternity cover.  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 … Continued

IAASA has issued a paper discussing the audit of accounting estimates, available here. Accounting and auditing standards have evolved to reflect the ever increasing complexity of accounting estimates and a new standard on auditing accounting estimates comes into effect for periods beginning on or after 15 December 2019.  IAASA’s paper discusses the requirements of the … Continued

Senior Management Role in IAASA IAASA welcomes applications for the post of Company Secretary and Head of Corporate Services. IAASA is the State Body with responsibility for regulation and supervision of the auditing and accounting profession. It was established in 2006 and carries out its functions under the provisions of the Companies Act 2014. Reporting … Continued