IAASA has published a Consultation Paper on its proposals to issue a revised version of ISA (Ireland) 240,
The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.
IAASA has also prepared an information video presentation, which is available
here.
The proposed effective date of the revised standards in Ireland is for the audits of financial statements with accounting periods beginning on or after 15 December 2021.
CPA Ireland’s Audit Practices Sub Committee will review and respond to the consultation paper.
For further details please click here.