Publications
Publications
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Publication of financial reporting decision – Kenmare Resources plc
IAASA has published a decision about the accounting treatment applied by Kenmare Resources plc in its 31 December 2023 annual financial statements. This decision focused on the company’s value-in-use (VIU) projections and how they considered climate change. Kenmare Resources plc provided voluntarily undertakings that future financial statements would: You can find the full financial reporting … Continued
Corporate reporting decisions, Corporate Reporting Supervision
2024 QAR Reports
The quality assurance review reports below summarise IAASA’s findings arising from the quality assurance reviews of the public-interest entity audit firms that took place in 2024. These reports set out the results of IAASA’s inspections of the firms’ overall systems of audit quality management and of a sample of audits of PIEs. BDO Deloitte EY … Continued
Assurance Quality Supervision, QAR report
Outcome of financial statement examinations completed in 2024
IAASA has released a paper summarising the outcomes of its 2024 financial report examinations. The summary highlights the various issues IAASA addresses with companies as part of its corporate reporting supervision. The paper indicates a strong overall compliance with financial reporting requirements. IAASA remains dedicated to ensuring transparency and accountability in corporate reporting.
Corporate Reporting Supervision
IAASA’s Inspection Insight Series 5: International Standard on Quality Management Ireland 1 (ISQM 1)
IAASA has today published its key messages on International Standard on Quality Management Ireland 1 (ISQM 1) available here.
Other
MEMORANDUM OF UNDERSTANDING (“MOU”) BETWEEN THE IRISH AUDITING AND ACCOUNTING SUPERVISORY AUTHORITY (“IAASA”) AND THE FINANCIAL REPORTING COUNCIL LIMITED (“FRC”) ON CO-OPERATION AND THE EXCHANGE OF INFORMATION RELATED TO THE OVERSIGHT OF AUDITORS
Available here
Other, Professional Body Supervision
Financial Reporting Supervision – Observations on selected financial reporting issues – Years ending on or after 31 December 2024
The observations paper highlights matters for companies to consider when preparing their 2024 financial statements. The 2024 Observations paper may be accessed here.
Corporate Reporting Supervision
ISAE (Ireland) 3000
Assurance Engagements Other Than Audits or Reviews of Historical Financial Information – Assurance of Sustainability Reporting in Ireland. International Standard on Assurance Engagements (Ireland) (ISAE (Ireland) 3000) deals with assurance engagements other than audits or reviews of historical financial information, which are dealt with in International Standards on Auditing (Ireland) (ISAs (Ireland)) and International Standards … Continued
Assurance, Other standard, Standards
IFRS 18 Presentation and Disclosure in Financial Statements
View Paper
Corporate Reporting Supervision, Information note
Letter issued to Audit Committee Chairs regarding responsibilities of Audit Committees for compliance with the Corporate Sustainability Reporting Directive
IAASA 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.
Assurance Quality Supervision, Audit Committee
Exposure Draft Ethical Standard for Auditors (Ireland) 2024
Exposure Draft Ethical Standard for Auditors (Ireland) 2024
Consultation, Ethical standard, Standards