Welcome to the May edition of Practice Plus. This month we highlight an exciting career opportunity to join CPA Ireland’s Quality Assurance Team. We also bring you details of supporting guidance and factsheets to support audit firm’s implementation of IAASA’s new Quality Management Standards. We also include a call from Revenue for members willing to take part in a pilot to test a new facility called the Return Preparation Facility.
Join CPA Ireland’s Quality Assurance Team
An opportunity has arisen to join CPA Ireland’s Quality Assurance team. The successful candidate will conduct Quality Assurance reviews throughout Ireland in addition to providing members with assistance on technical issues.
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Revenue Return Preparation Facility (RPF) – call for pilot testing.
Revenue have developed a new facility called the Return Preparation Facility (RPF) as they intend to replace the ROS Offline over time.
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Do you need a Practising Certificate?
If you are in
public practice, you will need to hold a Practising Certificate. This ensures that CPA members offering services to the public do so to a high standard and are regulated appropriately for the provision of such services.
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CPD for Statutory Auditors and Audit Webinar Recordings
Statutory Auditors are reminded that with effect from 1
st January 2022 they are required to document the planning, evaluation and completion of their CPD activities.
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Implementation Guidance for the new Quality Management Standards for Auditors
IAASA’s newly issued quality management standards become effective for all audit firms from 15
th December 2022. The suite of three standards replaces ISQC 1.
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Sanctions Update
The European Commission have updated several of their sanctions FAQs recently. Please use the following links to access information on:
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Revenue publishes 2021 Annual Report
Revenue have announced the publication of its Annual Report for 2021.The report reflects an exceptional year for Revenue.
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Revenue’s new Compliance Intervention Framework
On 1 May 2022, the
Revenue Commissioner’s new Compliance Intervention Framework came into effect. The new framework will apply to all compliance interventions notified on or after that date.
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CPA Summer Socials
After two years of seeing each other on video calls we are excited to bring our members together again. The days are getting longer and the evenings are getting brighter so to celebrate, we are hosting the CPA Ireland Summer Socials this June.
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