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Revocation of the recognition of the Institute of Certified Public Accountants in Ireland (CPA)
August 26, 2024Pursuant to its powers under section 931(4) of the Companies Act 2014 (‘the Act’), the Irish Auditing and Accounting Supervisory Authority (‘the Authority’) has decided to revoke the recognition of the Institute of Certified Public Accountants granted under S.930 of the Act with effect from 1 September 2024. This means that CPA may no longer … Continued
See more...Foláireamh Comhairliúcháin: Athbhreithniú ar an gCaighdeán Eiticiúil d’Iniúchóirí (Éire)
August 13, 2024D’fhoilsigh UMICÉ páipéar comhairliúcháin chun tuairimí na bpáirtithe leasmhara a bhailiú maidir lena thogra chun an Caighdeán Eiticiúil d’Iniúchóirí (Éire) a athbhreithniú. 📅 Dáta Éifeachtach Beartaithe: Le haghaidh iniúchtaí ar ráitis airgeadais do thréimhsí dar tosach an 15 Nollaig 2025 nó dá éis. Ceadaítear glacadh go luath. Féach ar an bpáipéar comhairliúcháin agus ar an … Continued
See more...Letter issued to Audit Committee Chairs regarding responsibilities of Audit Committees for compliance with the Corporate Sustainability Reporting Directive
August 7, 2024IAASA issued a letter to Audit Committee Chairs highlighting responsibility for the process of preparing the sustainability reports as well as for monitoring the assurance process. The letter also highlights IAASA’s expectation that compliance with these requirements may significantly impact the annual reporting timelines. The letter is available to view here.
See more...Reminder Closing Date 25 October: IAASA has published a consultation paper on its proposal to revise the Ethical Standard for Auditors (Ireland)
August 1, 2024IAASA has published a consultation paper to obtain stakeholders’ views on its proposal to revise the Ethical Standard for Auditors (Ireland). The proposed effective date of the revised standard is for audits of financial statements for periods beginning on or after 15 December 2025, early adoption is permitted. The consultation paper is available here. The proposed … Continued
See more...IAASA has published the latest edition of its Standards Newsletter
July 10, 2024Welcome to the July 2024 edition of our Standards Newsletter. In this edition you’ll find updates on assurance of corporate sustainability reporting in Ireland, recent revisions to ISA (Ireland) 505 External Confirmation, proposed revision of the Ethical Standard for Auditors (Ireland) and international developments. We hope you find it informative and helpful. The July edition … Continued
See more...ESMA publishes material supporting corporate sustainability reporting
July 8, 2024The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published: These documents are designed to support the consistent application and supervision of sustainability reporting requirements across the EU. The purpose of the GLESI is to provide guidance to build convergence on supervisory practices in the area of sustainability reporting. … Continued
See more...IAASA welcomes signing into law of CSRD Statutory Instrument
July 5, 2024Minister for Enterprise, Trade and Employment, Peter Burke TD has today signed into law the Statutory Instrument giving effect to the provisions of the Corporate Sustainability Reporting Directive (CSRD). The SI provides for the following key elements: The EU has already approved the European Sustainability Reporting Standards which will apply to companies in scope for … Continued
See more...Quality Assurance Reviews
June 28, 2024Notification- frequency of reviews IAASA wishes to highlight that the statutory requirement regarding quality assurance reviews conducted by the Recognised Accountancy Bodies (RABs) is not limited to every six years. Please see link to notification here
See more...IAASA publishes its 2023 Annual Report
June 27, 2024Following the laying of the report by the Minister, IAASA has published its Annual Report for 2023. Highlights from the report include: Commenting on the Annual Report, Chief Executive Officer Kevin Prendergast said: “IAASA continues to support the highest standards of auditing and corporate reporting quality. This is achieved through our regulatory approach that sets … Continued
See more...IAASA publishes Feedback Paper on its Consultation on the Adoption of a Sustainability Assurance Standard in Ireland
June 20, 2024Following public consultation to obtain stakeholders’ views on the appropriate standard for sustainability assurance in Ireland, IAASA has published its Feedback Paper and Responses Received. IAASA intends to adopt the International Standard on Assurance Engagements 3000 Revised (ISAE 3000), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information. Adoption will take place when … Continued
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