Welcome to the July edition of Practice Plus.
This month we update members on the amalgamation with Chartered Accountants Ireland and we advise statutory auditors and statutory audit firms that important notices are being issued to them regarding their audit registration, the content of which should be carefully reviewed. Further information and guidance will issue to practitioners over the coming weeks.
We ask that firms review their profile to ensure that CPA Ireland has the most up to date details of firm structure, directors/partners, contact details etc.


Update on Amalgamation with Chartered Accountants Ireland
On 11 July 2024, the High Court sanctioned CPA Ireland’s proposed scheme of arrangement which will facilitate CPA Ireland’s amalgamation with Chartered Accountants Ireland. The amalgamation will become effective on the 1st of September 2024.
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Important Notices for Statutory Auditors and Statutory Audit Firms
Notices have begun to issue to individuals and firms that are approved by CPA Ireland as statutory auditors and statutory audit firms. These notices will issue by direct e-mail and by post. 
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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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Corporate Sustainability Reporting Regulations
The Corporate Sustainability Reporting Regulations 2024 transpose the Corporate Sustainability Reporting Directive (EU) 2022/2464 which arises from the European Green Deal’s climate change action objectives, to further enhance the disclosure by companies on climate and environmental data.
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Miscellaneous Technical Statements - M14 (Revised)- Withdrawn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). This statement is now hereby withdrawn and replaced by ISRS 4410.
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Annual Report of CEA
The Corporate Enforcement Authority has published its first Annual Report. The Report, which covers the initial period to 31 December 2023, provides a comprehensive account of the steps taken to establish the CEA’s presence, and of the work undertaken to build the organisation’s operational capability. 
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IAASA publish Standards Newsletter
IAASA have published the July edition of their Standards Newsletter. In this edition you’ll find updates on assurance of corporate sustainability reporting in Ireland, recent revisions to ISA (Ireland) 505 External Confirmation, proposed revision of the Ethical Standard for Auditors (Ireland) and international developments.
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Women in Business events and re-recorded webinars
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.