Third Country Audit Entities

Transitional Registration

A third country auditor/audit entity is shown on IAASA’s register as “Transitional” where it has provided to IAASA all the information listed in subparagraphs (a) to (e) of Article 1(1) of the Commission Decision 2008/627/EC of 29 July 2008. In the context of the Commission Decision, the term “Transitional” does not mean a formal registration under Article 45 of the Directive 2006/43/EC.

The Commission Decision 2008/627/EC of 29 July, 2008 exempts, for a transitional period, certain third country auditors and audit entities from the requirements of Article 45 of the Directive, on condition that they provide relevant Members States with specific information. The transitional period applies in respect of audits of annual accounts for financial years starting between 29 June, 2008 and 1 July, 2010. Only auditors and audit entities from the countries listed in the Annex to the Commission Decision 2008/627/EC can apply for registration under the Decision. “Transitional” status under the Commission Decision 2008/627/EC permits registered third country auditors and audit entities to issue legally valid audit opinions on the financial statements of issuers whose transferable securities are admitted to trading on a regulated market in Ireland for the period defined in the Commission Decision 2008/627/EC (i.e. audits of annual financial statements for financial years starting between 29 June, 2008 and 1 July, 2010).

The third country auditors and audit entities listed in this Register are not subject to public oversight by IAASA and neither quality assurance inspections nor disciplinary investigations will be initiated or performed in respect of these entities by IAASA. The third country auditors and audit entities listed in the Register below are only subject to whatever public oversight is in place in their respective home countries. “Transitional” status therefore, provides no assurance as to the extent to which that auditor/audit entity is subject to audit regulation in its home country.

By clicking on the third country auditor’s/audit entity’s name below, the details required by the Regulations, regarding each entity can be accessed. The information has been provided by the relevant third country auditor/audit entity to IAASA. IAASA has relied upon the accuracy of same and has not performed any due diligence or verification procedures thereon.

Full Registration under Article 45

Where the third country auditor/audit entity is from a country not listed in the Annex to the Commission’s Decision 2008/627/EC, it must apply to IAASA for registration according to Article 45 of the Directive 2006/43/EC. These third country auditors/audit entities have to submit to the Authority their application for registration using Form B.

IAASA will then provide certain specified information, relating to registered third country auditors/audit entities to the Companies Registration Office (‘CRO’). The CRO will include the registered third country auditors/audit entities in its Register of Auditors. The CRO’s Auditor Search Facility can be accessed here.

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