IAASA: Observations on Selected Financial Reporting Issues
The Irish Accounting and Auditing Supervisory Authority (IAASA) has responsibility for monitoring and enforcing compliance with certain aspects of the Transparency (Directive 2004/109/EC) Regulations, 2007 ("the Regulations"). In pursuance of its remit, IAASA selects and reviews half-yearly and annual financial reports of companies covered by the Regulations to assess whether those reports have been prepared in full compliance with the "relevant reporting framework" On 15 January 2010 IAASA published an observation document noting observations on selected reviews performed.

View Attachment January 2010
(size: 338k)

Ten To-Do’s for Audit Committees in 2010
This annual memo from KPMG’s Audit Committee Institute points to 10 items audit committee members should keep in mind as they consider—and carry out—their 2010 agendas. These 10 to-do’s are designed to help the audit committee provide focused, effective oversight in the challenging economic, regulatory, and legislative environment ahead.

View Attachment January 2010
(size: 557k)

Preparing for IAASA Financial Reporting Reviews
The Irish Accounting and Auditing Supervisory Authority (IAASA) has responsibility for monitoring and enforcing compliance with certain aspects of the Transparency (Directive 2004/109/EC) Regulations, 2007 ("the Regulations"). In pursuance of its remit, IAASA selects and reviews half-yearly and annual financial reports of companies covered by the
Regulations to assess whether those reports have been prepared in full compliance with the "relevant reporting framework".

View Attachment March 2009
(size: 853k)

Financial Risks and Uncertainty in the Current Economic Environment
Liquidity, valuation, asset impairment and going concern are among the key areas of audit committee focus.

View Attachment December 2008
(size: 246k)

Internal Audit Checklist
In light of the current international credit crunch audit committee members are more focused than ever on enhancing both the effectiveness and efficiency of their audit committees, including improving the interaction of the audit committee with management, internal audit, and the external auditors. Indeed, the importance of the relationship between audit committees and internal auditors is being increasingly recognised.

View Attachment October 2008
(size: 131k)

Shaping the Irish Audit Committee Agenda
Effective leadership and corporate governance form essential elements in achieving business success. Expectations of stakeholders in the corporate governance process, including financial reporting, have never been higher, and the scrutiny by regulators and investors never more stringent. As a consequence, the role of the audit committee has rapidly increased in importance and expanded in scope.

View Attachment May 2005
(size: 1.05mb)