Chartered Accountants Ireland has responded to a consultation on IAASA's proposal to amend the public-interest entity firm levy to include Corporate Sustainability Reporting Directive (CSRD) assurance fee income in addition to statutory audit fee income.
While the Institute does not object to including CSRD assurance fee income in the levy calculation, we believe that any changes must be fair and proportionate. We acknowledge IAASA’s expanded role in overseeing sustainability assurance and we are supportive that the regulator remains adequately resourced.
We have asked IAASA to provide greater transparency on how additional regulatory costs are calculated and allocated, and to ensure that the levy framework remains proportionate and supports Ireland’s competitiveness.
Please see the Institute response.
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