APB issues revised guidance on the audit of central government financial statements in the Republic of Ireland
News types: Publications
Published: 11 August 2011
APB PN 153
The Auditing Practices Board (APB) of the FRC today issued a revision of Practice Note 10(I), ‘Audit of central government financial statements in the Republic of Ireland’ (PDF). An exposure draft of the revised Practice Note was issued in March 2011 for public comment.
The revised Practice Note 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 revised Practice Note 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. The APB hopes that auditors of central government financial statements in the Republic of Ireland will find the revised and clarified guidance helpful in carrying out their work.”
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.
- Practice Note 10(I) (Revised) 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.