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IAASA

  • 08-08-2016 09:07PM
    #1
    jcon1913
    Registered Users, Registered Users 2 Posts: 803 ✭✭✭


    Anyone else find it strange that there are no chartered accountants ( ACAs ) on the boards of IAASA?

    2 out of 8 members of the board are solicitors - on the overarching body for accounting bodies in Ireland.

    The website for IAASA says it does the following:
    the examination of certain listed entities’ annual and half-yearly financial reports
    to deliver independent and effective supervision of the Prescribed Accountancy Bodies

    On the other hand they can look in to the behaviour of auditors - wonder if they'll get stuck in to the Anglo controversy?


Comments

  • #2
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,686 ✭✭✭barneystinson


    To avoid self-regulation, or the perception of it...?


  • #3
    jcon1913
    Registered Users, Registered Users 2 Posts: 803 ✭✭✭jcon1913


    barneystinson wrote: »
    To avoid self-regulation, or the perception of it...?

    Hmmm... they have 1 CPA and 2 ACCAs, so dont know how that works.

    Heres a link to the Board of Directors

    https://www.iaasa.ie/About-IAASA/Governance/Board-of-Directors


  • #4
    tanit
    Registered Users, Registered Users 2 Posts: 325 ✭✭tanit


    More than likely is going to be to avoid being seen as meddling being the biggest body. If the biggest accountancy body in a country starts taking all the places on the boards of the regulatory body it would be seen as if they are trying to meddle.

    It's going to be to avoid controversy


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