IAASA, Ireland’s accounting enforcer, has today published an Information Note highlighting the accounting treatment applied by companies impacted by COVID-19.   IAASA is calling on companies to redouble their efforts to provide high quality, company specific disclosures of the impact of COVID-19 in their accounts so as to provide useful information to the users of … Continued

IAASA is seeking to retain a Human Resources (HR) service provider to provide HR support services to the Authority. Such services are as follows: Advice on HR strategy including tailored approaches to key areas such as communications, training and development, coaching and performance management. Advising on HR policy and procedure and development of relevant documents … Continued

IAASA has published its Annual Report 2019, following its laying before the Houses of the Oireachtas by the Minister for Business, Enterprise & Innovation.  The Report details Authority’s work in 2019 across its broad remit.  Highlights from the 2019 Report include: a new Work Programme for the Authority covering the years 2020-2022;​ ongoing preparations by the Authority for the … Continued

In line with Government guidelines, IAASA has put short-term public health arrangements in place.  In general, IAASA staff will work from home for the period to 29 March 2020.  Interactions with stakeholders and members of the public will be by electronic means only, such as e-mail, video-conference etc.  Our offices will be closed during the … Continued

IAASA, Ireland’s accounting enforcer, has today published its annual Observations paper highlighting some significant topics that those charged with governance should consider when preparing their financial statements for 2020. IAASA’s paper highlights some key areas that warrant close scrutiny by those preparing, approving and auditing 2020 financial statements in the upcoming reporting season including: the … Continued

The European Securities and Markets Authority (ESMA) has today published its report “Enforcement and regulatory activities of European enforcers in 2019” which sets out the enforcement and regulatory activities undertaken in 2019 by European Union (EU) accounting enforcers. In 2019 EU accounting enforcers examined around 950 financial statements drawn up under IFRS, covering some 17% … Continued

In response to Government-mandated Level 5 restrictions, IAASA staff will not be accessing its offices.  This means that hard-copy post will not be delivered by An Post until the current restrictions are lifted, expected to be 2 December.  Similarly, there will be no access for couriers. In the meantime, all IAASA staff continue to undertake … Continued

The European Securities Markets Authority (ESMA) has today published a Public Statement calling for co-ordination of supervisory action on accounting for lease modifications arising as a direct consequence of the COVID-19 pandemic. IFRS 16 Leases contains requirements that specify the financial reporting treatment to be applied for changes in lease payments, including rent concessions. In … Continued

IAASA has published its annual Profile of the Profession which contains statistical data regarding the eight Prescribed Accountancy Bodies (‘PABs’) within IAASA’s supervisory remit in Ireland for the year 2019. The Profile, which was compiled with the assistance of the PABs, presents an overview of the PABs’ memberships, student numbers and profiles, as well as … Continued

The Irish Auditing and Accounting Supervisory Authority (IAASA) will be hosting an audit committee breakfast briefing on 10 September 2020. Speakers on the day will cover a number of key areas relating to the expanded role of audit committees, current regulatory requirements as well as communications with regulators. The event is envisaged to be a … Continued