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IAASA agrees settlement with John Kavanagh and the firm Howlett Kavanagh
March 29, 2023The full Settlement Agreement is available here.
See more...IFRS 13 Fair Value Measurement – information requests from IAASA
March 28, 2023IAASA, Ireland’s accounting enforcer, has today published a Paper “IFRS 13 Fair Value Measurement – information requests”. IFRS 13 defines fair value, sets out a framework for measuring fair value, and requires disclosures about fair value measurements in financial statements. This Paper lists the fair value information requests that IAASA has made to entities during … Continued
See more...Outcome of financial statement examinations completed in 2022
March 14, 2023Today, the Irish Auditing and Accounting Supervisory Authority (IAASA) has published a summary of the outcomes of its examinations of financial reports completed in 2022. This summary outlines the findings from financial statement examinations completed by IAASA’s Financial Reporting Supervision Unit in 2022. The summary shows that the level of compliance by companies with financial … Continued
See more...IAASA publishes its 2022 reports on audit quality assurance – 06/03/2023
March 6, 2023IAASA has published the 2022 quality assurance review reports in respect of seven firms that perform statutory audits of public-interest entities. In Ireland, public-interest entities include listed companies and companies that operate in the banking and insurance sectors. The reports can be accessed here
See more...Annual Audit Programme and Activity Report 2021
March 1, 2023IAASA publishes its AAPA Report for 2021 (April 2022) The Irish Auditing and Accounting Supervisory Authority (IAASA) has published its 2021 Annual Audit Programme and Activity Report. This report provides a summary of the activities performed by IAASA during 2021 to oversee the audit profession in Ireland. The report outlines the outcome of IAASA’s quality … Continued
See more...IAASA issues a revised version of ISA (Ireland) 600 – 09/02/2023
February 9, 2023Following public consultation, IAASA has today (09 February) issued a revised version of: The main changes to the standard relate to: The revised standard is effective for audits of financial statements for periods beginning on or after 15 December 2023, with early adoption permitted. The revised standard is available on this link. The feedback paper … Continued
See more...Compendium of financial reporting decisions – 24/01/2023
January 24, 2023IAASA, Ireland’s accounting enforcer, has today published a compendium of financial reporting decisions. These decisions relate to accounting treatments applied by CRH plc, Flutter Entertainment plc and Tullow Oil plc in their 2021 annual financial reports. The published decisions extent over a range of accounting treatments applied under accounting requirements including: These published decisions are … Continued
See more...IAASA’s inspection insight series 2 – related parties – 23/12/2022
December 23, 2022IAASA has today published its key messages for auditors in the area of related parties, available here . IAASA’s YouTube channel also now includes a video that shares questions asked by IAASA’s audit inspectors during 2022 in the area of related parties, available here.
See more...IAASA video presentation on the revised ISA (Ireland) 315. -22/12/2022
December 22, 2022IAASA video presentation on the revised ISA (Ireland) 315 – IAASA
See more...IAASA issues revised Policy Paper on publication of information regarding its financial reporting supervision activities – 06/12/2022
December 6, 2022IAASA has today published its revised Policy Paper Publication of information regarding IAASA’s financial reporting supervision activities. This Policy Paper provides for transparency by IAASA in highlighting its financial reporting supervision activities including publication of: The revised Policy Paper – which was last updated in 2016 – reflects, to the extent deemed appropriate, the views of stakeholders … Continued
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