The Irish Auditing and Accounting Supervisory Authority has published guidelines for the Recognised Accountancy Bodies to apply to their approval and registration function in respect of Statutory Auditors and Audit Firms
The purpose of this document is to set out guidelines for the RABs to apply to their approval and registration function to support the achievement of the following outcomes and to meet the requirements of the Companies Act 2014.
- Only individuals who meet eligibility criteria and are of good repute are approved to perform statutory audit.
- Only firms that meet eligibility criteria and are of good repute are approved as statutory audit firms.
- All statutory auditors and audit firms meet the requirements for approval on an ongoing basis.
- The public register is accurate, contains all information required by law and is updated promptly for any changes.
The guidelines are effective from 1 June 2024 and are available
here.