Companies Act 2014 section 1633

Basis on which audit firms approved in other Member States may carry out assurance of sustainability reporting in State

Section 1633 sets out the conditions under which audit firms from other EU Member States may register to carry out sustainability reporting assurance in the State, and the obligations on recognised accountancy bodies to manage and record those registrations.

• A Member State audit firm may carry out sustainability reporting assurance in the State provided its key sustainability partner meets the requirements of this Chapter, both at the time of registration and on an ongoing basis.
• Before carrying out any assurance work, the firm must register with the recognised accountancy body that approved its key sustainability partner, and that body must ensure compliance with the relevant registration requirements.
• The recognised accountancy body will register the firm upon being satisfied it is registered for sustainability reporting assurance in its home Member State, and may require a certificate of registration no more than three months old.
• The recognised accountancy body must maintain records of all registered Member State audit firms, notify the home Member State authority of each registration, and update the public register when notified that an Irish-based firm has registered abroad.