Practice Plus February 2020




Welcome to the February edition of Practice Plus. This month we bring you an update on changes in legislation in relation to Limited Partnerships, a CPD reminder for Investment Business, and a reminder to complete your annual renewal before 29th February 2020.

29th February 2020 - Deadline for the Renewal of Practising Certificates

Practising certificate holders are reminded that the deadline for the receipt of an application for the renewal of certificates is 29th February 2020.
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Regulations for Limited Partnerships

SI No 597 of 2019 European Union (Qualifying Partnerships: Accounting and Auditing) Regulations 2019 has been issued.
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ODCE Investigations – Managing the Risks when your Practice comes into Focus

A recent article in CPA Ireland’s Accountancy Plus sets out some tips for practitioners faced with an investigation into the books and records of clients from the Office of the Director of Corporate Enforcement.
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CPD Reminder for Investment Intermediaries

Firms are reminded of CPD requirements in respect of Category 1, 2.1 and 2.2 held authorisations, where grandfathered status was availed of in 2007, that 15 hours CPD in Investment Business must be completed each year including 1 hour of Ethics.
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Deduction for Expenses in Employment for Professional Membership Fees

Tax and Duty Manual Part 05-02-20 sets out the principles, based on case law, for determining the tax deductibility of general expenses incurred in the performance of the duties of an employment.
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Professional Issues CPD Events

Coming to a location near you! Every year CPA Ireland host a two hour Review of Professional Issues in various locations around the country. These CPD events are free to our members and provide an update on the latest technical issues and what is happening within CPA and in the profession in general. For details please click below.
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CPA Audit and Exempt Work Programmes Available

The CPA Ireland suite of audit and exempt work programmes are used by firms nationwide. They have been designed to ensure that your firm delivers efficient and effective engagements. For details of the programmes available and to purchase please click below.
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Accountancy Europe Publication on Risk Management and SME Clients

Accountancy Europe has just published a paper on risk management and SME clients. It explores the accountancy profession’s role in developing a robust risk management culture among their SME clients.
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Insolvency Practitioner Ordered to pay Legal Costs

In recent court proceedings, The Irish Times reported that a personal insolvency practitioner has been ordered to pay legal costs after providing misleading information about his client in the first ruling of its kind.
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Accountancy Conference 2020

In 2020, CPA Ireland is combining the Practice and Industry Matters conferences to deliver a 1.5 day conference with top quality speakers and flexible subject options. Taking place in Dublin and Cork this April, the Accountancy Conference 2020 includes a number of keynote speakers as well as a variety of breakout sessions covering topics relevant to accountants working in practice.
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Financial Statements and Schools

In respect of financial statements and schools, it has been noted that issues have been identified with these reports for schools. CCAB-I (Consultative Committee of Accountancy Bodies in Ireland) have engaged in discussions with the FSSU on this matter.
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