Today, the Irish Auditing and Accounting Supervisory Authority (IAASA) has published a summary of the outcomes of its examinations of financial reports completed in 2023.
This summary outlines the findings from financial statement examinations completed by IAASA’s Corporate Reporting Supervision Unit in the year.
The summary indicates:
- the impact of climate change and climate impact mitigation initiatives on companies. This reflects the focus of IAASA on the financial reporting implications of climate change and climate commitments by companies. The adoption of European Sustainability Reporting Standards (ESRSs) across Europe on a phased basis from 2024 (i.e., financial year 2024, with sustainability reporting first being published in 2025) will dramatically impact environmental reporting requirements for companies, and
- that, in general, the level of compliance by companies with financial reporting requirements continues to be strong.
The summary may be accessed here