Audit and Assurance

"In conducting an audit of financial statements, the overall objectives of the auditor are:

(a)To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, thereby enabling the auditor to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework; and

(b) To report on the financial statements,

and communicate as required by the ISAs (Ireland), in accordance with the auditor’s findings.”

(ISA (Ireland)200 paragraph 11)

In order to meet this challenge auditor’s carry out audit engagements under a set of standards called International Standards on Auditing (ISA). These may be ISAs (Ireland) or ISAs (UK) depending on the location of the engagement.

Auditors are also required to comply with Ethical Standards and Quality Control Standards relevant to the engagement.

In addition to the standards above there are other sources of guidance for auditors carrying out statutory audits issued by the Institute and other bodies. 
Where the work undertaken is not a statutory audit there are other sources of guidance for accountants.
Chartered Accountants Ireland can accept no responsibility for the content on any site that is linked to from the Institute website. Links are provided in good faith for the potential support of members and students.