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IAASA seeks expressions of interest in the provision of financial reporting review services

Nov 09, 2018
IAASA's statutory role includes examining whether the annual and half-yearly financial reports (collectively referred to as 'periodic financial reports') of certain entities whose securities have been admitted to trading on a regulated market, situated, or operating within the EU ('issuers') have been drawn up in accordance with the requirements of the relevant reporting framework as laid down by the Transparency (Directive 2004/109/EC) Regulations, 2007. IAASA's examination constituency in this regard comprises issuers of equity and debt as well as closed ended funds. These issuers publish an aggregate of approximately 210 periodic financial reports per annum.

IAASA selects issuers' periodic financial reports for examination based on risk assessment criteria, supplemented by cyclical and random selections. Given the level of IAASA's examination activity, together with the scale and nature of the examination constituency, IAASA anticipates a requirement to supplement its internal professional resources from time to time by engaging the services of suitably qualified and experienced providers of statutory financial reporting expertise. Accordingly, IAASA is seeking to appoint an individual or firm to provide financial statement review services for a period of three years, and an alternate provider to be used only in the event that the preferred service provider cannot act due to, for example, unavailability or independence issues. Further details are available below:

Invitation of Expressions of Interest for the Provision of Statutory Financial Reporting Full Scope Review Services.

The closing date for receipt of expressions is 9am on Monday, 26 November 2018. Late applications will not be considered.

Source: The Irish Auditing and Accounting Supervisory Authority.