In 2024, the Corporate Sustainability Reporting Directive (CSRD) was transposed into Irish law.
For companies in scope, their sustainability reports must be prepared in accordance with the European Sustainability Reporting Standards (ESRSs) and be subject to limited assurance. Limited assurance on sustainability reports is provided by statutory auditors that have been approved and registered by their professional body.
CSRD provides that the European Commission adopt a limited assurance standard that will apply to all member states by the 1st October 2026. In the interim period, member states may adopt their own national assurance standard. In Ireland, IAASA have adopted ISAE (Ireland) 3000. This standard is based on the international standard issued by the International Auditing and Assurance Standards Board (IAASB).
The effective date of ISAE (Ireland) 3000 is for assurance reports issued on or after the 15th December 2024. It is expected that the European Commission will adopt International Sustainability Assurance Standard (ISSA 5000) for limited assurance engagements by the 1st October 2026 for adoption across the member states.
Contact Us
Ray Masterson | Audit Partner | Dublin
ray.masterson@mooreireland.ie
+353 1 888 1004