Double Exit

The Irish Auditing and Accounting Supervisory Authority (IAASA) has an important role in the accounting and auditing landscape in Ireland. The authority has a broad remit including being responsible for the examination and enforcement of Plc companies’ financial reporting, supervision of the regulatory functions of the professional accountancy bodies, and the inspection auditing of Public Interest Entities (‘PIEs’) (e.g. banks, insurance companies).

The role of examining the financial reporting of publicly listed entities also results in a publication each year by IAASA of the particular issues or topics that have come to their attention in the current year. For students, this is an interesting insight into the current issues in practice with respect to applying IFRS/FRS. The 2017 Observations Report is available here. This is the 10th year of this report and all older reports are also available here.

To learn more about IAASA and its role see their website www.iaasa.ie