IAASA has revised five International Standards on Auditing (Ireland) (ISAs (Ireland)) to reflect the adoption of the Irish Corporate Governance Code. Entities with an equity listing on Euronext Dublin are required to use the Code for financial years beginning on or after 1 January 2025.
The revised standards are:
- ISA (Ireland) 260 Communication with Those Charged with Governance
- ISA (Ireland) 570 Going Concern
- ISA (Ireland) 700 Forming an Opinion and Reporting on Financial Statements
- ISA (Ireland) 701 Communicating Key Audit Matters in the Independent Auditor’s Report
- ISA (Ireland) 720 The Auditor’s Responsibilities Relating to Other Information
The revisions do not introduce new requirements for auditors or remove existing ones. They mainly reflect the adoption of the Irish Corporate Governance Code by Euronext Dublin. Additionally, IAASA has updated references to other ISAs (Ireland) and removed a limited number of footnotes that no longer apply in the revised standards.
The effective date of the revisions is for periods starting 1 January 2025, consistent with the Irish Corporate Governance Code.
The revised standards are available on the Auditing Standards page of our website.