The Irish Auditing and Accounting Supervisory Authority (IAASA) was established by the Companies (Auditing and Accounting) Act, 2003.
The Authority has four principal objectives, namely to:
- supervise how the prescribed accountancy bodies regulate and monitor their members;
- promote adherence to high professional standards in the auditing and accountancy profession;
- monitor whether the accounts of certain classes of companies and other undertakings comply with the Companies Acts; and
- act as a specialist source of advice to the Minister on auditing and accounting matters.
The Accountancy & Actuarial Discipline Board ("AADB") is the independent, investigative and disciplinary body for accountants and actuaries in the UK.