Irish Auditing and Accounting Supervisory Authority (IAASA)

The IAASA was established pursuant to the provisions of Part 2 of the Companies (Auditing and Accounting) Act 2003.

Having regard to its statutory objects, functions and powers the Authority’s principal goals are:

• supervision of how the Prescribed Accountancy Bodies (PABs) regulate and monitor their members
• monitoring of the periodic financial reporting of certain entities whose securities have been admitted to trading on a regulated market in the EU
• carrying out certain functions in respect of liquidators
• promotion of adherence to high professional standards in the auditing and accountancy profession
• acting as a specialist source of advice to the Minister on auditing and accounting matters
• external quality assurance of the auditors of listed companies, credit institutions and insurance undertakings to ensure a high quality of audit
• adoption and maintenance of the audit framework for Ireland