Consultation Paper Proposal to Revise ISA (Ireland) 570

May 08, 2019
IAASA has issued a consultation paper seeking the view of stakeholders regarding IAASA's proposal to issue a revised version of ISA (Ireland) 570 Going Concern.

The consultation paper can be accessed here.

The accompanying Exposure Draft, Proposed ISA (Ireland) 570 (Revised), can be accessed here.

The changes proposed are currently under consultation by the Financial Reporting Council (FRC), which can be found here.

IAASA supports the proposed amendments, noting their importance in supporting an enhanced focus by auditors on going concern. IAASA believes that they represent an improvement to the current ISA (Ireland) 570 and will lead to improvements in audit quality.

Stakeholders and interested parties are invited to provide responses by email only to submissions@iaasa.ie no later than 5pm on Friday 28 June 2019.

Published: 3 May 2019.

Source: Irish Auditing and Accounting Supervisory Body.