Consultation Paper on proposals to revise the Ethical Standard for Auditors (Ireland), International Standards on Auditing (Ireland) and Glossary of Terms
The purpose of this consultation paper is to obtain the views of stakeholders with regard to IAASA’s proposals to issue revised versions of:
- the Ethical Standard for Auditors (Ireland);
- certain International Standards on Auditing (Ireland) and the International Standard on Quality Control (Ireland) 1 (together the ‘ISAs (Ireland)’); and
- the Glossary of Terms, which defines the terms used in the Irish auditing framework.
The proposed effective date of the revised standards in Ireland is for the audits of financial statements with accounting periods beginning on or after 15 October 2020.
Stakeholders and interested parties are invited to provide responses to the above questions by e-mail only to submissions@iaasa.ie no later than 5pm on Friday 17 July 2020.
IAASA recognises that this is a challenging time for everyone due to the impact of Covid-19 and that working arrangements have changed significantly in recent weeks.
In this context, while a response period of 3 months has been specified in this consultation paper, IAASA will monitor the situation and extend the consultation period if necessary.
PLEASE NOTE; THE RESPONSE PERIOD HAS BEEN EXTENDED UNTIL THE 17 JULY 2020.