IAASA has published a Consultation paper on its proposal to revise International Standard on Auditing (Ireland) 505 External Confirmations, and make related conforming amendments to ISA (Ireland) 600 (Revised February 2023) Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors).
The proposed effective date of the revised standard is for audits of financial statements for periods beginning on or after 15 December 2024, with early adoption permitted.
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