ISAs (Ireland) are based on ISAs (UK) as issued by the Financial Reporting Council (‘FRC’), which, in turn are based on the corresponding standards issued by the IAASB. The International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (the IESBA Code) was revised in July 2016 to address the professional accountant’s responsibility in relation to non-compliance with laws and regulations (NOCLAR). In response to these changes, the IAASB recently issued a revision of ISA 250, Consideration of Laws and Regulations in an Audit of Financial Statements, making limited amendments to ISA 250 (Revised) in order to address actual or perceived inconsistencies of approach between the NOCLAR provisions in the revised IESBA Code and the ISAs. Both IAASA and the FRC support these limited amendments and believe that they represent an improvement to the current standard.
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Home » New Publications » Consultation on Proposal to Revise ISA (Ireland) 250 Section A
Other news
-
IAASA publishes updated guidance note on Reporting to the Corporate Enforcement Authority
IAASA previously published a…
-
Audit Committee Briefing 2023
The Irish Auditing and…
-
IAASA challenges issuers on ‘fair review of the business’ disclosures
IAASA, Ireland’s accounting enforcer,…
-
Annual Audit Programme and Activity Report 2022
IAASA publishes its AAPA…