On 31 March 2017, IAASA published its consultation on Proposal to Revise ISA (Ireland) 250 Section A – Consideration of Laws and Regulations in an Audit of Financial Statements (Consultation Paper). The purpose of which was to obtain the views of stakeholders with regard to IAASA’s proposal to issue a revised version of ISA (Ireland) 250 Section A – Consideration of Laws and Regulations in an Audit of Financial Statements.
IAASA has noted the points raised in the responses to its consultation and has published a Feedback Paper available here.
The revised ISA (Ireland) 250 Section A (effective for the audits of financial statements for periods commencing on or after 15 December 2017) will be published when finalised on the IAASA website.