Chartered Accountants Ireland has published Miscellaneous Technical Statement 50 Code of Practice for the Governance of State Bodies
This Miscellaneous Technical Statement sets out the requirements of the Code of Practice for the Governance of State Bodies ('the Code') relating to the review by the auditors of the statement on the system of internal financial control as published in the annual report of a State body. It also includes details of the other disclosures required by the Code to be included in the annual report.
The Department of Finance has been consulted in the development of the Guidance and have also informed Chartered Accountants Ireland that it intends to communicate M50 through their internal audit network.
Chartered Accountants Ireland would welcome comments on the new guidance until Friday,15th April 2010, Comments can be forwarded by email to to the Representation and Technical Policy Department.