This paper investigates an intelligent reflecting surface (IRS) assisted downlink short packet transmission system, where an access point sends short packets to multiple devices with the help of an IRS. Specifically, a performance comparison between the frequency division multiple access and time division multiple access is conducted for the considered system, from the perspective of average age of information (AoI). To minimize the maximum average AoI among all devices, the resource allocation and passive beamforming are jointly optimized. However, the formulated problem is difficult to solve due to the non‐convex objective function and coupled variables. Thus, an alternating optimization based algorithm is proposed by exploiting the semidefinite relaxation and bisection search techniques. Simulation results show that time division multiple access can achieve lower AoI by exploiting the time‐selective passive beamforming of IRS for maximizing the signal to noise ratio of each device consecutively. Moreover, it also shows that as the length of information bits becomes sufficiently large as compared to the available bandwidth, the proposed frequency division multiple access transmission scheme becomes more favourable due to more flexible power allocation.