Practice Plus March 2019

Welcome to the March 2019 Edition of Practice Plus

 


Wishing you all a happy St. Patricks Day and long weekend!

This month we gather together information to assist businesses in their preparations for Brexit and to remind members of the
CPA Ireland Brexit Resource.

We also remind statutory auditors of their legal obligations to maintain their competence in audit through the completion of relevant CPD.

 

CPA Ireland Brexit Resource

Please click below for the CPA Ireland Brexit Resource.
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Brexit Guidance

Please click below for links to guidance on Brexit from Revenue, CRO and Department of Business, Enterprise and Innovation.
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Renewal of CPA Practising Certificates – Deadline Passed

The deadline for the renewal of CPA Practising Certificates has now passed. Practitioners who have not completed the renewal of their practising certificates for the year 1st April 2019-31st March 2020 are advised to complete the process immediately to allow for the timely renewal of their licences and to avoid any disruption to the continuation of their practice activities.
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Companies (Amendment) Bill 2019

The Companies (Amendment) Bill 2019 is currently making rapid progress through the Houses of the Oireachtas and is expected to be passed shortly.
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Exposure Draft of International Standard on Auditing (UK) 570

The Financial Reporting Council (‘FRC’) in the United Kingdom have published an exposure draft of International Standard on Auditing (UK) 570 (Revised) Going Concern and issued a request for comments on the proposed changes.
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Practice Connect – Merger Opportunities

Practice Connect provides a confidential platform to allow firms to advertise practices for sale and merger opportunities. Two recent merger opportunities have been advertised for Dublin/Leinster and Cork regions.
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CPD for Statutory Auditors

S. 1489 of the Companies Act 2014 requires that statutory auditors take part in appropriate programmes of continuing education in order to maintain their theoretical knowledge, professional skills and values, in particular, in relation to auditing, at a sufficiently high level.
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Use of the Annual Return Number when Filing Unaudited Financial Statements

CRO have advised as per their website that there is no requirement to insert an ARN into a B1 Form (Annual Return) unless you are filing audited financial statements.
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Domestic Merger – Change to SAP 206 Form

CRO have advised as per their website a change to the SAP 206 form, which is a statutory declaration made under the terms of section 206 of the Companies Act 2014, has been amended with a view to making it more user friendly for Companies to use.
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CPA Ireland Practice Matters Conferences 2019 - Dublin and Cork

CPA Ireland's Practice Matters Conferences provide a forum for practicing accountants to come together and share mutual experiences with fellow practitioners, engage directly with the experts and build new networks.
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Future Proofing Your Practice

In this five-day programme, CPA Ireland’s team of expert lecturers will cover all the aspects of growing and developing a practice to make sure you get the most return for the time you invest in building your business.
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