Welcome to the August 2024 edition of Practice Plus.
In the final edition of Practice Plus we bring you details of an amalgamation hub including resources and FAQs to support the transition by practitioners to Chartered Accountants Ireland.
We remind practitioners of the adjustment to the size criteria for companies and groups and note an IAASA consultation to revise the Ethical Standard for Auditors.
We also invite members to an event to meet the FRC to find out about current developments in financial reporting.
Guidance on the transition to Chartered Accountants Ireland
CPA Ireland and Chartered Accountants Ireland will amalgamate on 1 September 2024.
An Amalgamation Resource, including FAQs, has been developed to support practitioners in the transition.
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Important Notices for Statutory Auditors and Statutory Audit Firms
Notices have issued to individuals and firms that are approved by CPA Ireland as statutory auditors and statutory audit firms. Notices have also issued to firms authorised by CPA Ireland for investment business purposes.
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Adjustments of Size Criteria for Companies and Groups
Minister for Enterprise, Trade and Employment, Peter Burke TD, has signed into law the
European Union (Adjustments of Size Criteria for Certain Companies and Groups) Regulations 2024 which increases the balance sheet and turnover thresholds for ‘micro’, ‘small’, ‘medium’ and ‘large’ companies in the Companies Act 2014 by 25 per cent.
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Solicitors Accounts Regulations – Accountant’s Work Programme 2024
Reporting accountants are reminded of the extensive changes that take effect for periods commencing on or after 1 June 2023 due to the Solicitors Accounts Regulations 2023.
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Miscellaneous Technical Statements - M14 (Revised)- Withdrawn
To assist members in compiling and reporting on Financial Statements of entities not subject to Audit, CPA previously issued the Miscellaneous Technical Statement - M14 (Revised). The most recent issuance of this was in May 2019. This statement is now hereby withdrawn.
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Meet the FRC - learn about upcoming changes to FRS 102
Did you know that the accounting standards which are used by most companies in Ireland are subject to periodic review? Would you like to learn more about the upcoming changes to FRS 102 and FRS 105?
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IAASA publish consultation paper on its proposal to revise Ethical Standard
IAASA has published a consultation paper to obtain stakeholders’ views on its proposal to revise the Ethical Standard for Auditors (Ireland).
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Join us for this year’s Women in Business event in August 2024. Taking place in Cork and Dublin this is an annual event not to be missed.
We also remind you of CPA Ireland’s pre-recorded webinars to help you to fit in some CPD hours whenever you have an hour or two to spare.
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