• Current students
      • Student centre
        Enrol on a course/exam
        My enrolments
        Exam results
        Mock exams
      • Course information
        Students FAQs
        Student induction
        Course enrolment information
        F2f student events
        Key dates
        Book distribution
        Timetables
        FAE elective information
        CPA Ireland student
      • Exams
        CAP1 exam
        CAP2 exam
        FAE exam
        Access support/reasonable accommodation
        E-Assessment information
        Exam and appeals regulations/exam rules
        Timetables for exams & interim assessments
        Sample papers
        Practice papers
        Extenuating circumstances
        PEC/FAEC reports
        Information and appeals scheme
        Certified statements of results
        JIEB: NI Insolvency Qualification
      • CA Diary resources
        Mentors: Getting started on the CA Diary
        CA Diary for Flexible Route FAQs
      • Admission to membership
        Joining as a reciprocal member
        Admission to Membership Ceremonies
        Admissions FAQs
      • Support & services
        Recruitment to and transferring of training contracts
        CASSI
        Student supports and wellbeing
        Audit qualification
        Diversity and Inclusion Committee
    • Students

      View all the services available for students of the Institute

      Read More
  • Becoming a student
      • About Chartered Accountancy
        The Chartered difference
        Student benefits
        Study in Northern Ireland
        Events
        Hear from past students
        Become a Chartered Accountant podcast series
      • Entry routes
        College
        Working
        Accounting Technicians
        School leavers
        Member of another body
        CPA student
        International student
        Flexible Route
        Training Contract
      • Course description
        CAP1
        CAP2
        FAE
        Our education offering
      • Apply
        How to apply
        Exemptions guide
        Fees & payment options
        External students
      • Training vacancies
        Training vacancies search
        Training firms list
        Large training firms
        Milkround
        Recruitment to and transferring of training contract
      • Support & services
        Becoming a student FAQs
        School Bootcamp
        Register for a school visit
        Third Level Hub
        Who to contact for employers
    • Becoming a
      student

      Study with us

      Read More
  • Members
      • Members Hub
        My account
        Member subscriptions
        Newly admitted members
        Annual returns
        Application forms
        CPD/events
        Member services A-Z
        District societies
        Professional Standards
        ACA Professionals
        Careers development
        Recruitment service
        Diversity and Inclusion Committee
      • Members in practice
        Going into practice
        Managing your practice FAQs
        Practice compliance FAQs
        Toolkits and resources
        Audit FAQs
        Practice Consulting services
        Practice News/Practice Matters
        Practice Link
      • In business
        Networking and special interest groups
        Articles
      • Overseas members
        Home
        Key supports
        Tax for returning Irish members
        Networks and people
      • Public sector
        Public sector presentations
      • Member benefits
        Member benefits
      • Support & services
        Letters of good standing form
        Member FAQs
        AML confidential disclosure form
        Institute Technical content
        TaxSource Total
        The Educational Requirements for the Audit Qualification
        Pocket diaries
        Thrive Hub
    • Members

      View member services

      Read More
  • Employers
      • Training organisations
        Authorise to train
        Training in business
        Manage my students
        Incentive Scheme
        Recruitment to and transferring of training contracts
        Securing and retaining the best talent
        Tips on writing a job specification
      • Training
        In-house training
        Training tickets
      • Recruitment services
        Hire a qualified Chartered Accountant
        Hire a trainee student
      • Non executive directors recruitment service
      • Support & services
        Hire members: log a job vacancy
        Firm/employers FAQs
        Training ticket FAQs
        Authorisations
        Hire a room
        Who to contact for employers
    • Employers

      Services to support your business

      Read More
☰
  • Find a firm
  • Jobs
  • Login
☰
  • Home
  • Knowledge centre
  • Professional development
  • About us
  • Shop
  • News
Search
View Cart 0 Item

Technical Hub

☰
  • Home
  • Audit and assurance
  • Financial reporting
  • Anti-money laundering
  • Legislation
  • Home/
  • Knowledge centre/
  • Technical Hub/
  • Audit and assurance/
  • Audit and Assurance news
☰
  • Audit and assurance
  • Auditing standards
    • Other audit guidance
    • Ethics
    • Audit guidance
    • Audit of less complex entities
    • Quality management
      • Quality management key requirements
  • Other engagements
    • Non audit engagements
    • Sustainability assurance
    • Regulatory reporting
    • Other guidance
    • Audit exemption
  • Audit and assurance FAQs
  • Audit and Assurance news

Audit and Assurance news

Ethics
(?)

IAASA publishes a revised Ethical Standard for Auditors (Ireland)

Following public consultation last year, IAASA has published a revised Ethical Standard for Auditors (Ireland). As part of the revisions to the standard, IAASA has also updated its Glossary of Terms. IAASA has also published a feedback paper which summarises its response to the main points raised by the consultation respondents. The effective date of the revised standard is for audits of financial statements for periods beginning on or after 15 December 2026. Early adoption is permitted. The feedback paper is available here. The responses received are available here. The revised standard is available here. The revised Glossary of Terms is available here.    

Apr 10, 2025
READ MORE
Audit
(?)

IAASB issues revised going concern standard for auditors

The International Auditing and Assurance Standards Board (IAASB) has released its revised International Standard on Auditing 570 (Revised 2024), Going Concern. The revised standard responds to corporate failures that raised questions regarding auditors’ responsibilities by significantly enhancing the auditor’s work in evaluating management’s assessment of an entity’s ability to continue as a going concern. The revise standard is effective for audits of financial statements for periods beginning on or after 15 December, 2026. ISA 570 (Revised 2024) introduces several key changes: Robust risk assessment. Auditors must conduct, in a more timely manner, thorough risk assessments to determine whether events or conditions are identified that may cast significant doubt on the entity’s ability to continue as a going concern. Evaluating Management’s Assessment. Auditors must evaluate management’s assessment of going concern irrespective of whether events or conditions are identified. In doing so, auditors must consider the potential for management bias and evaluate the underlying method, significant assumptions, and data used when management formed its assessment. Additionally, auditors must evaluate whether management’s judgements and decisions indicate potential bias. Extended date of evaluation period. The auditor’s evaluation period for going concern now extends at least twelve months from the date of approval of the financial statements, contributing to an assessment of more relevant, decision-useful information. Enhanced transparency. The standard requires clearer communication in the auditor’s report about the auditor’s responsibilities and work related to going concern and strengthened communications with those charged with governance and external parties. The IAASB also developed a fact sheet and Basis for Conclusions, which are available on the IAASB’s website. The IAASB will also issue a frequently asked questions document and technical overview video to support the revised standard’s implementation.

Apr 10, 2025
READ MORE
Audit
(?)

MyWorkpapers and Chartered Accountants Ireland announce strategic partnership to transform accounting technology

MyWorkpapers by Bright, a leading provider of cloud-based working papers for accountants, and Chartered Accountants Ireland, the largest professional body on the island of Ireland have agreed a partnership to drive the digital transformation of the Irish accounting sector, enabling professionals to stay ahead of the curve with cutting-edge tools and streamlined processes. Backed by Bright Software Group this partnership brings a host of technological advancements designed to optimise the work of chartered accountants, offering solutions that improve efficiency, compliance, and collaboration. Key Benefits for accountants and auditors Technological Advantages Boosted Efficiency: Digitised workflows and automated manual processes Streamlined compliance tasks with standardised templates Seamless integrations across accounting systems Real-time collaboration and comprehensive digital audit trails With MyWorkpapers, chartered accountants and auditors across the island of Ireland can now automate routine tasks, reduce errors, and enhance productivity—all while ensuring compliance with the latest regulatory standards. Regulatory Support Staying Ahead of Regulations: Up-to-date local legislation insights Region-specific tax and financial regulation updates Compliance standard alignment The partnership ensures that industry professionals can stay well-informed of evolving regulations, helping them maintain compliance with ease. Platform Capabilities The integrated MyWorkpapers platform now offers: Templates based on the Chartered Accountants Ireland Procedures for Quality Audit (PQAs) and Audit Exempt programme Localised legislative checklists for up-to-date regulatory compliance Methodology-specific workflows designed to enhance accuracy and efficiency Automated compliance tracking for seamless reporting Conal Kennedy, Head of Practice Consulting, Chartered Accountants Ireland said “For many years, our Excel-based PQAs and Audit Exempt packages have been very popular with our members in practice. We are delighted now to offer this choice to members, which will shorten the learning curve by allowing them to use familiar templates and work programs from the existing packages and will give them the extra functionality of the MyWorkpapers platform. Anyone involved in statutory audit or accounts preparation in either the Republic of Ireland or Northern Ireland should take a look at this.” Ben Bishop, Bright’s Chief Product and Technology Officer, said “This partnership allows us to deliver a digitised and rules-driven version of the guidelines directly in line with the work being undertaken by the accountant. Helping to ensure high quality, compliant and repeatable output every time; the digitally delivered updates will help keep practice staff on point with any changes to process or compliance. Together, we are empowering accounting professionals to deliver even greater value to their clients while staying compliant and ahead of industry trends. As part of the Bright family, MyWorkpapers continues to drive innovation in the accounting sector, offering solutions that evolve with the needs of modern accountants.” Accounting and audit professionals can access the integrated platform immediately at www.myworkpapers.com/eu

Mar 28, 2025
READ MORE
Audit
(?)

IAASA publishes reports on the quality assurance review of PIE audit firms

IAASA has published its 2024 quality assurance review reports in respect of seven firms that perform statutory audits of public-interest entities (PIEs) in Ireland. The reports summarise IAASA’s inspection of each firm’s internal system of quality management. The reports include any findings and recommendations made by IAASA to the firms regarding these systems. The reports also summarise the results arising from IAASA’s inspection of a sample of audits of public-interest entities performed by each firm, including the grades assigned to the audits inspected and any key recommendations made to the firm.

Mar 10, 2025
READ MORE
Audit
(?)

TA 02/2025 CSRD Management Representation Letter

Technical Alert 02/2025 – Illustrative Management Representation Letter in respect to the provision of Limited Assurance under the Corporate Sustainability Reporting Directive This Technical Alert provides an illustrative example of a management representation letter that may be used by the assurance provider when conducting a limited assurance engagement required under the Corporate Sustainability Reporting Directive (“CSRD”) as transposed in Ireland into Part 28 of the Companies Act 2014. The International Standard on Assurance Engagements (Ireland) 3000 Assurance Engagements Other Than Audits or Reviews of Historical Financial Information – Assurance of Sustainability Reporting in Ireland (ISAE (Ireland) 3000) as issued by the Irish Auditing and Accounting Supervisory Authority is the applicable assurance standard to be used for CSRD sustainability reporting in Ireland. ISAE (Ireland) 3000 paragraph 56-57 provides that: “56. The practitioner shall request from the appropriate party(ies) a written representation: That it has provided the practitioner with all information of which the appropriate party(ies) is aware that is relevant to the engagement. Confirming the measurement or evaluation of the underlying subject matter against the applicable criteria, including that all relevant matters are reflected in the subject matter information. 57. If, in addition to required representations, the practitioner determines that it is necessary to obtain one or more written representations to support other evidence relevant to the subject matter information, the practitioner shall request such other written representations.”   Click here  to access the TA.  Click ISAE (Ireland) 3000 to access the standard.

Mar 10, 2025
READ MORE
Audit
(?)

TA 04 2024 Sample CSRD Limited Assurance Report

This Technical Alert (TA) has been prepared to assist members reporting on the limited assurance engagements under the Corporate Sustainability Reporting Directive (“CSRD”) and in compliance with International Standard On Assurance Engagements (Ireland) 3000 Assurance Engagements Other Than Audits Or Reviews Of Historical Financial Information – Assurance Of Sustainability Reporting In Ireland (ISAE (Ireland) 3000) Click here Technical Alert 04 2024 Limited Assurance Report on Sustainability Statement to access the TA.  Click ISAE (Ireland) 3000 to access the standard.  

Dec 12, 2024
READ MORE
123456

These pages are provided as resources and information only and nothing in these pages purports to provide professional or legal advice or definitive legal interpretation(s) or opinion(s) on the applicable legislation or legal or other matters referred to in the pages. If the reader is in doubt on any matter in this complex area further legal or other advice must be obtained. While every reasonable care has been taken by the Institute in the preparation of these pages, we do not guarantee the accuracy or veracity of any resource, guidance, information or opinion, or the appropriateness, suitability or applicability of any practice or procedure contained therein. The Institute is not responsible for any errors or omissions or for the results obtained from the use of the resources or information contained in these pages.

 

The latest news to your inbox

Please enter a valid email address You have entered an invalid email address.

Useful links

  • Current students
  • Becoming a student
  • Knowledge centre
  • Shop
  • District societies

Get in touch

Dublin HQ

Chartered Accountants
House, 47-49 Pearse St,
Dublin 2, D02 YN40, Ireland

TEL: +353 1 637 7200
Belfast HQ

The Linenhall
32-38 Linenhall Street, Belfast,
Antrim, BT2 8BG, United Kingdom

TEL: +44 28 9043 5840

Connect with us

Something wrong?

Is the website not looking right/working right for you?
Browser support
CAW Footer Logo-min
GAA Footer Logo-min
CCAB-I Footer Logo-min
ABN_Logo-min

© Copyright Chartered Accountants Ireland 2020. All Rights Reserved.

☰
  • Terms & conditions
  • Privacy statement
  • Event privacy notice
  • Sitemap
LOADING...

Please wait while the page loads.