APB issues a Bulletin outlining developments in Corporate Governance affecting auditors of Irish companies

News types: Guidance, Publications

Published: 10 May 2011

APB PN 150

The Auditing Practices Board (APB) of the FRC today issues Bulletin 2011/1 ‘Developments in Corporate Governance Affecting the Responsibilities of Auditors of Companies Incorporated in Ireland’.

The Bulletin:
  • describes the Irish legislative requirements in respect of the Corporate Governance Statement required to be made by certain companies whose securities are admitted to trading on a regulated market; and

  • illustrates how APB’s previously published illustrative auditor’s reports applicable to Irish companies are required to be amended when a Corporate Governance Statement is required.


Richard Fleck, APB Chairman said:

“Irish Company Law has been amended to require the auditor to report on the consistency of certain aspects of a company’s Corporate Governance Statement with the company’s audited financial statements. This new guidance illustrates how the APB’s illustrative auditor’s reports set out in Bulletin 2006/1 are required to be amended when a Corporate Governance Statement is required to be issued.”


A copy of the Bulletin may be downloaded from the publications section of the APB’s website at Developments in Corporate Governance Affecting the Responsibilities of Auditors of Companies Incorporated in Ireland (PDF).

Notes to Editors
  1. The Financial Reporting Council (FRC) is the UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment.

  2. The APB is committed to leading the development of auditing practice in the United Kingdom and the Republic of Ireland so as to:

    • establish high standards of auditing;

    • meet the developing needs of users of financial information; and

    • ensure public confidence in the auditing process.

Document created under a former FRC operating body.

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