Practice Plus December 2018

Welcome to the December edition of Practice Plus.




As we reach the end of the year, December’s Practice Plus takes a look back over the technical changes and guidance issued in 2018. Members are also reminded of recent changes to AML legislation and we bring you photos from the recent Nexus networking event for practitioners which explored innovation and technology.
We would like to wish all our members and firms a very happy and peaceful Christmas!


CPA Ireland Skillnet Nexus 2018

Our CPA Ireland Nexus networking evening event for Practitioners explored technology and innovation in practice.
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2018 Technical Round Up

As 2018 draws to a close, Practice Plus brings you details of the topics that kept CPA members and the technical staff at CPA Ireland busy!
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Changes to Anti-Money Laundering Legislation

The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 was signed into law on the 14th November 2018.  The Act amends the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 to give effect to certain provisions of the 4th AML Directive.
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Technical Day for Accountants - 19th December 2018

The Technical Day for Accountants aims to provide key insights across the areas of Financial Reporting Options for the SME sector, Anti Money Laundering, Career Skills and Fraud & Forensic Accounting. The Technical Day can be attended in person - limited places remain - or you can attend via livestreaming over the internet. The Technical Day can be booked via the link below.
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Annual Returns 2019

All CPA Practising and Auditing Certificates are renewed annually. Investment business authorisation must also be renewed.
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Important Notice for Firms Holding CPA Investment Business Authorisation

CPA Investment Intermediaries are reminded that since the 1st October 2018, firms that are involved actively in advising on or arranging insurance products, including insurance-based life and pension products, must be registered for such activities directly by the Central Bank of Ireland.
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CRO Christmas Opening Hours

The CRO have issued their Christmas opening hours.
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FRC Issues Revised Auditing Standard and Consults on Guidance for Quality Bank Audits

The UK’s Financial Reporting Council (FRC) has issued an International Standard on Auditing Accounting Estimates and Related Disclosures for UK auditors, covering the audit of expected credit losses in banks and which reflects the increased importance and complexity of estimates in financial statements.
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IAASA Seek Views on the Future Publication and Grading Policy Relating to PIE Audit Firms

IAASA has published a Consultation Paper to seek the views of stakeholders regarding the Authority’s intended policy on publication and grading in the quality assurance review process relating to statutory auditors and audit firms that carry out statutory audits of public-interest entities ('PIEs').
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