Auditing - UK and Ireland
On this page you will find information on the providers of auditing standards in the UK and Ireland.
Providers of the Standards
Financial Reporting Council (FRC)
In the UK, the FRC is the independent regulator responsible for promoting high quality corporate governance and reporting. The FRC monitors and enforces auditing standards within the UK.
It also oversees the regulatory activities of the professional accountancy bodies, and operates independent disciplinary arrangements for public interest cases involving accountants.
The FRC Board is supported by two governance committees and three regulatory committees.
Access more information about the FRC below, including FRC publications.
Regulatory Standards & Codes Committee
The Regulatory Standards & Codes Committee remit entails high quality, effective and proportionate standards, codes and guidance for corporate governance, corporate reporting, stewardship, audit and assurance, and actuarial work.
The Conduct Committee is responsible for the oversight the FRC’s enquiries, investigations and enforcement function, ensuring that appropriate cases are investigated and conducted fairly, in the public interest, in a timely manner and in accordance with due process and the Regulators code.
The Supervision Committee is responsible for overseeing the FRC's delegated statutory supervisory and oversight functions and its non-statutory monitoring work, with the aim of serving the public interest by promoting high professional standards in accounting, audit, actuarial work and corporate reporting.
Further information on the FRC, including publications
- About the FRC
- Auditing Standards
- Assurance Standards
- Processes in Relation to PIE Audits
- Ethical Standard for Auditors
- Audit Firm Governance Code
- Practice Notes
- Consultations and Exposure Drafts
- Promoting audit quality
- Audit Committees
- FRC Lab
- Current projects and events
- Access more information about the FRC Structure, including the FRC Board, governance and regulatory committees
Irish Auditing and Accounting Supervisory Authority (IAASA)
In Ireland, IAASA is the independent body responsible for oversight of the regulatory functions of the Recognised Accountancy Bodies in relation to statutory auditors.
IAASA has adopted the Auditing Framework for Ireland, consisting of the Ethical Standard for Auditors (Ireland) 2020, International Standards on Auditing (Ireland) (ISA (Ireland)) comprising numerous separate standards, International Standard on Quality Management (Ireland) 1, and International Standard on Quality Management (Ireland) 2. These standards, which are based on the ISAs (UK & Ireland), as amended, are issued under licence from the FRC in the UK.
Individuals and audit firms that are approved to carry out statutory audits in Ireland are required to conduct Irish statutory audits in accordance with the Auditing Framework for Ireland and the implementation dates specified by IAASA.
Access more information on IAASA below, including publications and the Auditing Framework for Ireland.
- Ethical Standard for Auditors (Ireland) 2020
- International Standards on Auditing (Ireland)
- International Standard on Quality Management (Ireland) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements
- International Standard on Quality Management (Ireland) 2, Engagement Quality Reviews