Auditing and Assurance Standards and Guidance

Auditing Standards (Ireland)

FRC ISAs (UK and Ireland) applicable for periods beginning on or after 15 December 2010 but before 17 June 2016

ISA (UK and Ireland) 560 Subsequent events

Application and Other Explanatory Material

Facts Which Become Known to the Auditor after the Date of the Auditor's Report but before the Date the Financial Statements Are Issued

Management Responsibility towards Auditor (Ref: Para. 10)

As explained in ISA (UK and Ireland) 210, the terms of the audit engagement include the agreement of management^8a to inform the auditor of facts that may affect the financial statements, of which management may become aware during the period from the date of the auditor's report to the date the financial statements are issued.⁹

^8a In the UK and Ireland the responsibility to inform the auditor of facts which may affect the financial statements usually rests with those charged with governance.

⁹ ISA (UK and Ireland) 210, "Agreeing the Terms of Audit Engagements," paragraph A23.

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