APB issues draft revised Guidance on the Audit of Central Government Financial Statements in the Republic of Ireland
News types: Consultation Announcement
Published: 11 March 2011
APB PN 145
The Auditing Practices Board (APB) of the FRC today issues for comment a consultation draft of a revision of Practice Note 10(I), “Audit of central government financial statements in the Republic of Ireland”. The comment period ends on 10 June 2011.
The consultation draft updates the current guidance to reflect the issuance of the new ISAs (UK and Ireland) which apply to audits of financial statements for periods ending on or after 15 December 2010.
Richard Fleck, APB Chairman, said:
The Auditing Practices Board (APB) of the FRC today issues for comment a consultation draft of a revision of Practice Note 10(I), “Audit of central government financial statements in the Republic of Ireland”. The comment period ends on 10 June 2011.
The consultation draft updates the current guidance to reflect the issuance of the new ISAs (UK and Ireland) which apply to audits of financial statements for periods ending on or after 15 December 2010.
Richard Fleck, APB Chairman, said:
“The APB is updating its Practice Notes to assist understanding of the new auditing standards. Although most of the changes in this consultation draft have been made to reflect the new auditing standards, the APB invites comments on any aspect of the guidance.”
A copy of the consultation draft may be downloaded from the publications section of the APB’s web site at: Consultation Draft: Practice Note 10(I) 'Audit of Central Government Financial Statements in the Republic of Ireland (Revised)'.
Notes to Editors
- The Financial Reporting Council (FRC) is the UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment.
- The APB is committed to leading the development of auditing practice in the United Kingdom and the Republic of Ireland so as to:
- establish high standards of auditing;
- meet the developing needs of users of financial information; and
- ensure public confidence in auditing.
- The consultation draft of revised Practice Note 10(I) has been prepared with advice and assistance from staff of the Office of the Comptroller and Auditor General in Ireland.
- Document created under a former FRC operating body.