To act as a auditor (public or statutory) as defined in the Companies Acts a person or a firm must have been appropriately authorised by a Recognised Accountancy Body (RAB).
Only RABs may train, authorise and regulate their members to act as auditors in Ireland. Therefore, only a suitably qualified member of a RAB can be selected to undertake audits as required under Irish legislation. Details of such auditors are listed on the Auditor Register, which is available on the Companies Registration Office website.
Procedures required for operating as an auditor in Ireland
An individual, who is:
- Already approved as a statutory auditor in an EU member state; or
- Entitled under or by virtue of the laws, regulations or administrative provisions of a third country to carry out audits of the annual or group accounts of a company incorporated in that third country;
and wishes to apply to one of the recognised accountancy bodies for approval as a statutory auditor in Ireland, is required, in the first instance, to sit and pass an aptitude test. The aptitude test process is currently administered on behalf of all the recognised accountancy bodies by the Institute of Chartered Accountants in Ireland. It may be possible for an exemption from the requirement to sit the aptitude test to be granted. Passing the aptitude test does not confer statutory auditor status on the individual but makes the individual eligible to apply to one of the recognised accountancy bodies for approval as a statutory auditor.
Only the Recognised Accountancy Bodies (RABs) may train, authorise and regulate their members to act as statutory auditors in Ireland. Therefore, only a suitably qualified member of a RAB who has been authorised as an auditor can be selected to undertake audits required under Irish legislation. Details of such auditors are listed on the Auditor Register, which is available on the Companies Registration Office website https://search.cro.ie/auditors/
The Recognised Accountancy Bodies are set out below:
|Homepage||Accountancy Body Name|
|ACCA||Association of Chartered Certified Accountants|
|ICAEW||Institute of Chartered Accountants in England & Wales|
|ICAI||Institute of Chartered Accountants in Ireland|
|ICAS||Institute of Chartered Accountants of Scotland|
|ICPAI||Institute of Certified Public Accountants in Ireland|
Further general information
A third country auditor or audit firm wishing to issue an audit opinion on the annual or consolidated accounts of a company incorporated outside the European Union/European Economic Area (‘EU/EEA’), whose transferable securities are admitted to trading on a regulated market in Ireland, must register with the Irish Auditing and Accounting Supervisory Authority (‘IAASA’) for their audit report to have legal validity in Ireland.
Information correct at time of publishing, please contact the competent authority for further information.