Proposal to revise ISA (Ireland) 315 - Identifying and Assessing the Risks of Material Misstatement

ACCA's response to consultation issued by the Irish Auditing and Accounting Supervisory Authority (IAASA)

ACCA welcomes the opportunity to comment on the proposals issued by IAASA and has already commented on the similar standard issued by the Financial Reporting Council (FRC) and the International Auditing and Assurance Standards Board (IAASB).

We are pleased to note that the proposed revisions follow the revisions made by the IAASB to the underlying international standard ISA 315 (Revised 2019) and Conforming and Consequential Amendments to Other International Standards Arising from ISA 315 (Revised 2019) and is consistent with the UK Standard issued by FRC.

To read the detailed response, please download the consultation document on this page.