The transition period which followed the exit of the UK from the European Union ended on 31 December 2020.
Information for firms that undertake audits of Irish entities or that wish to apply for Irish audit registration.
This page presents an overview of instructions and guidance for small practices to prepare during the transition period following Brexit.
Auditors of UK companies (ie, companies incorporated in the UK) with listings on the Irish Stock Exchange, (such as listed debt), will be required to register with IAASA as third country auditors at the end of the transition period (31 December 2020) unless their registration continues to be accepted on the Irish audit register.
Regulations and guidance for those working in the regulated area of audit in the UK, Ireland and the Crown Dependencies.
Amended requirements impacting on Public Interest Entity (PIE) audits
BEIS and the FRC have issued on 22 February 2019 five documents that set out the necessary steps all audit firms (large and small) should undertake to prepare for Brexit including no-deal outcomes.
The current regulatory framework for statutory audit underpins audit quality and ensures market integrity.