Welcome to the final edition of Practice Plus for 2023. In this edition we look back at 2023 and the stories that caught your attention. We also introduce the pathway to becoming a “Sustainability Assurance Service Provider” and provide an update on correspondence with the Minister for Finance regarding the implementation of ERR.
As we approach the end of 2023, we wish all of our readers a happy and safe Christmas this year.
Interested in becoming a Sustainability Assurance Service Provider?
CPA Ireland is accepting expressions of interest from members who wish to explore the pathway to becoming a Sustainability Assurance Service Provider (SASP).
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IAASA issue letter to CEOs of RABs regarding approval of SASPs
IAASA have issued a letter to the CEOs of the Recognised Accountancy Bodies (RABs) with regard to the Supervisory Authority’s expectations for the initial approval of existing statutory auditors as Sustainability Assurance Service Providers ( SASPs).
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2023 look back
Here’s what caught the attention of our readers during 2023! The following are the most read stories across the monthly Practice Plus and the summer Audit Bulletins for 2023.
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Enhanced Reporting Requirements
Following the signing of a Commencement Order by the Minister for Finance this week, all employers will be required to make returns of certain non-taxable benefits and expenses in real-time under the Enhanced Reporting Requirements (ERR) from 1 January 2024.
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Making your Annual Return for 2024 – some changes
In January 2024, CPA Practitioners and statutory auditors will receive instructions to renew their practising certificates, auditing certificates and statutory auditor status where relevant for the year 1 April 2024 – 31 March 2025.
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Revised Solicitors Accounts Regulations 2023
Practitioners are reminded that revised Solicitors Accounts Regulations came into effect from 1st July 2023. The Solicitors Accounts Regulations 2014 continue to apply in relation to the filing of the reporting accountants report where the accounting period has commenced before 1 July 2023.
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8 Useful tips to succeed in your Quality Assurance Review
Have you received a recent Quality Assurance review notification from CPA and it is filling you with a sense of dread? The good news is not to worry as we are here to help!
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New sample financial statements launched
CPA Ireland has expanded its resource of sample financial statements by adding the following samples to assist members and firms navigate disclosure and reporting requirements.
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Introducing CPA Ireland’s Tik Tok channel
At CPA Ireland we have launched our TikTok channel to spread the word and change the perspective about a career in accounting.
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Do I need a practising certificate?
CPA members who intend providing public practice services are required to hold a practising certificate. Members should carefully consider the definition of public practice which typically covers the provision of services such as tax services, accounting services, management consultancy etc.
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CPD for December
Whether you are finalising your CPD for 2023 or planning forward for 2024, CPA Ireland has a host of webinars and events to help, from a range of webinar recordings to a free regulatory update in January 2024.
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UK Import Controls: The Border Target Operating Model
From 31 January 2024, the UK Government will introduce new controls on goods entering Great Britain from the EU (including Ireland). The UK Border Target Operating Model (TOM) outlines the new rules.
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New Standard issued by IAASB for Audits of Less Complex Entities
The International Auditing and Assurance Standards Board (IAASB) have published the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities, known as the ISA for LCE. The ISA for LCE is a standalone global auditing standard designed specifically for smaller and less complex businesses and organizations.
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