Companies Act 2014 section 1610

Assurance standards to be applied

Section 1610 sets out the assurance standards that statutory auditors and audit firms must apply when carrying out assurance engagements on sustainability reporting.

• Statutory auditors and audit firms must carry out sustainability reporting assurance in accordance with standards adopted by the European Commission under the Audit Directive.
• The Irish Supervisory Authority may adopt its own assurance standards, procedures or requirements, but only where the Commission has not already adopted a standard covering the same subject matter.
• Any standards adopted by the Supervisory Authority must be communicated to the European Commission at least three months before they come into force.
• The term "standards" includes not only technical assurance standards but also standards on professional ethics and internal quality control.