Practice Plus June 2020




Welcome to the June edition of Practice Plus. We hope you are all keeping safe and well during these times. This month we bring you the results of the CPA Business Survey, details of the launch of the new CPA Ireland syllabus and a CRO update.

COVID-19 Business Survey Synopsis

In mid-May, CPA Ireland issued a Business Survey to all Members in Practice, to identify the challenges that both you and your clients were facing as a result of the COVID-19 pandemic. As advisers to over 100,000 businesses in Ireland, CPAs will have a major role to play in the recovery.
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CPA Ireland Launches New Syllabus - Face the Future of Accounting

Last week saw the launch of the new syllabus for CPA Ireland - Face the Future of Accounting.
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Mindset, Skillset and Technology - the Trifecta in Future Proofing your Practice

Technology, skills and overall mindset are examined in this interesting and timely article for members in the June edition of the CPA Ireland magazine, Accountancy Plus.
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Temporary Wages Subsidy Scheme Further Update

On the 12th June, Revenue issued Version 15 of their FAQs on “Guidance on the Operational Phase of the COVID-19 Temporary Wages Subsidy Scheme”.
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IAASA Publishes its 2019 Annual Audit Programme and Activity Report

IAASA has recently published its 2019 Annual Audit Programme and Activity Report. This report provides a summary of the activities performed by IAASA during 2019 to oversee the audit profession in Ireland.
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CRO Update Regarding Filing Date for Annual Returns

The Registrar of Companies has decided to extend the current arrangement in relation to the filing of annual returns.
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CRO Processing Dates

The CRO have published their processing dates as of 15th June 2020.
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Accountancy Europe feature on Good Governance in the Charity Sector

In their regular series of online Stories from Practice, Accountancy Europe has a piece exploring good governance in the charity sector.
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IAASA has recently launched their COVID Hub.
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Upcoming Webinars

Please finds links to details of upcoming CPA Ireland webinars of importance and relevance to Practising Members in these times.
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CTax 2020 – Celebrating 10 Successful Years!

2020 marks the 10th year of CPA Ireland’s Certified Tax Adviser (CTax) course! To celebrate, we are offering 10% off the cost of the course – enrol and pay a deposit before 30th June 2020 to get this discount.
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FRC Announces Closure of Tesco Investigation

The Financial Reporting Council (FRC) last week announced the closure of its investigation into accountants working within Tesco relating to Tesco PLC’s (Tesco) overstatement of profit of approximately £250m as announced to the market in September 2014.
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