Initial Audit Engagements – Opening Balances
International Standard on Auditing (Ireland) 510 deals with the auditor’s
responsibilities relating to opening balances in an initial audit engagement.
Current Standards
ISA (Ireland) 510 (Revised May 2026) (This ISA (Ireland) is effective for the audits of financial statements for periods commencing on or after 15 December 2025. Early adoption is permitted.)
ISA (Ireland) 510 (Updated October 2024) (This ISA (Ireland) is effective for the audits of financial statements for periods commencing on or after 17 June 2016, for which opinions are issued on or after 1 February 2017.)
Past Standard