Practice Plus February 2019

Welcome to the February 2019 edition of Practice Plus




This month we bring you “The SMP of the Future in a Changing World”, a report examining the landscape ahead for the Accountancy Profession. Taking part in the report are two CPA firms providing insight into the challenges and opportunities faced by SMPs.

We also bring you details of the Ethics Research Report recently launched, which highlights the ethical awareness, challenges and concerns facing Professional Accountants.

We remind you that the deadline for Annual Returns to renew practising, auditing and investment business certificates is the 28th February 2019.

Edinburgh Group global research report launch "The SMP of the Future in a Changing World"

Global report recommends that small to medium sized practitioners and professional accountancy bodies must work together to adapt to change for an evolving future.

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Annual Returns Deadline 28th February 2019

All CPA Practising and Auditing Certificates are renewed annually. Investment business authorisation must also be renewed.

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CPA Welcomes Ethics Research Report

Commenting on the report, Minister for Business, Enterprise and Innovation Heather Humphreys said “The findings of this important piece of research give an honest appraisal of ethics in the accountancy profession".

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Public Consultation on the Limited Partnerships Act 1907

The Department of Business, Enterprise and Innovation is reviewing the Limited Partnerships Act 1907. As part of the review process, the Department is seeking submissions from interested parties.

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IAASA publishes ISA (Ireland) 540 (Revised December) 2018 and Consultation Feedback Paper

IAASA has published ISA (Ireland) 540 (Revised December 2018) Auditing Accounting Estimates and Related Disclosures and related conforming amendments to other ISAs (Ireland).

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Irish Accountancy Awards 2019

CPA Ireland is delighted to once again support the Irish Accountancy Awards. For CPA Ireland members, the deadline for submissions has been extended to Monday 25th February 2019.

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Removal of “Public Auditor” Terminology

The Companies (Statutory Audits) Act 2018 which commenced in September 2018 provides for an amendment to remove the reference to “public auditor” from a number of acts, including the Credit Union Act, 1997, the Industrial and Provident Societies Act 1893 and the Friendly Societies Act 1896.

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Tax Conferences 2019

CPA Ireland’s Tax Conferences are the ideal opportunity for tax and accounting professionals to get the latest updates on Revenue schemes, risks and opportunities of Brexit and review recent tax changes before starting company and personal returns for 2019.

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Qualification under the Central Bank's Minimum Competency Code

Members who wish to obtain a qualification that meets the Central Bank's Minimum Competency Code may be interested in LIA's APA & QFA designations.

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