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

IAASA has today published its key messages for auditors in the area of communication with TCWG, available here. IAASA’s YouTube channel also includes a video that shares questions asked by IAASA’s audit inspectors during 2022 and 2023 in the area of communication with TCWG, available here.

As part of the IAASA Audit Committee Briefing 2023 we will be hosting a panel session moderated by the IAASA CEO Kevin Prendergast. Please find details and information below regarding this years’ panelists. Stephen Groarke – Elavon Financial Services Stephen Groarke is European CFO and Executive Director of Elavon Financial Services.  He worked previously at … Continued