Press Release ? revised guidance on the audit of central government financial statements.     31 July 2006

The Comptroller and Auditor General, Mr John Purcell, today welcomed the publication by the Auditing Practices Board (APB) of a revised Practice Note [PN10(I) (Revised) ?Audit of Central Government Financial Statements in the Republic of Ireland?] providing guidance on the conduct of central government audits in accordance with international auditing standards.
The revised Practice Note also outlines the special considerations that apply to the audit of public accounts including the concept of regularity and propriety.
In common with the rest of the auditing profession in Ireland the C&AG has adopted international auditing standards [ISAs (UK and Ireland)] promulgated by the APB, as the standards to which his audits are conducted.
Mr Purcell said:
?The Practice Note represents the culmination of a very useful engagement between the Institute of Chartered Accountants in Ireland, the Department of Finance and my Office within a process overseen by the APB. The Practice Note will assist my Office in the conduct of in-house work and in specifying the standards and guidance for any contracting of audit work to private sector firms.?

Notes for Editors

ISAs (UK and Ireland) are the International Standards on Auditing as issued by the International Auditing and Assurance Standards Board supplemented with additional requirements and guidance where considered necessary by the APB.
The APB issues Practice Notes to assist auditors in applying auditing standards of general application to particular circumstances and industries.  Practice Notes are persuasive rather than prescriptive.  However, they are indicative of good practice even though they may be developed without the full process of consultation and exposure used for auditing standards.
The Comptroller and Auditor General is an independent constitutional officer with responsibility for the audit of public funds.  He undertakes the financial audit of some 370 public accounts including government departments, non commercial state sponsored bodies, Health Services Executive and health agencies, and other educational institutions and universities. He reports to Dáil ?reann.
Practice Note 10(I) (revised) can be downloaded free of charge from the Publication?s section of the APB website (
For further information about the report, please contact:
Andy Harkness at (01) 603 1027 or at