Irish Auditing Standards Update 2026/27 & Demonstrating the Value of Audit

Introduction

When considering auditing standards in Ireland, two organisations are central: the Irish Auditing and Accounting Supervisory Authority (IAASA) and the UK Financial Reporting Council (FRC).

IAASA supervises the accounting profession in Ireland, including oversight of the quality-assurance and disciplinary procedures of the five Prescribed Accountancy Bodies. It also adopts standards relating to auditing, professional ethics and quality management. Statutory auditors in Ireland must conduct their audits in accordance with these standards, which IAASA adopts under licence from the FRC.

In this webinar, Elaine Jackson of Process Accountants will examine the most recent changes to the International Standards on Auditing as adopted in Ireland. Consideration will also be given to the background to these developments and the possible influence of recent, widely publicised audit failures involving prominent firms.

Finally, this webinar will discuss why a high-quality audit provides value far beyond regulatory compliance and will share practical insights into how auditors can demonstrate and communicate that value more effectively to clients, boards, audit committees and other stakeholders.

What You Will Learn

This webinar will cover the following:

• IAASA Ethical Standard for Auditors (Ireland) 2025
• ISA (Ireland) 240 - The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements (Revised May 2026)
• ISA (Ireland) 260 - Communication with Those Charged with Governance (Revised May 2026)
• ISA (Ireland) 265 - Communicating Deficiencies in Internal Control to Those Charged with Governance and Management (Revised May 2026)
• ISA (Ireland) 570 - Going Concern (Updated May 2026)
• The background to and practical implications of the changes
• The importance of a robust and effective audit process
• How audit can strengthen governance, internal controls and stakeholder confidence
• How to demonstrate and communicate the value of audit effectively