Welcome to the November edition of Practice Plus. As tax filing season concludes for 2022, we bring you news of CPA Ireland’s ISQM thematic review planned for 2023. To assist auditors with the implementation of ISQM, we highlight an information resource which brings together supporting articles, explainer videos and implementation guides. The results of a recent survey on the digitisation of SMPs provides top tips and recommendations to help SMPs achieve the benefits of digitisation while mitigating the challenges. We hope you enjoy this edition.

CPA Ireland’s ISQM Thematic Review 2023

The new IAASA quality management standards are effective for audit firms from the 15th of December 2022.
To assess the compliance of CPA firms, a thematic review will be undertaken in Quarter 1 of 2023 by the Quality Assurance (QA) team.
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Final countdown to new Quality Management Standards
Is your firm ready for the introduction of IAASA’s new quality management standards? CPA Ireland’s Quality Management Resource acts as a central point bringing together articles, guidance, IAASA Explainer Videos and IAASB Implementation Guides in a single location.
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CRO Filing and PPS Numbers
The Office of the Director of Corporate Enforcement (ODCE) was replaced by Corporate Enforcement Authority (CEA). A principal aim of The Companies (Corporate Enforcement Authority) Act 2021 (commenced on 6 July 2022) was to allow for this establishment of the CEA.
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Digitisation of the SMP – Survey Results
Much has been made of the transformational possibilities of digitisation for accountancy practices, but what are the opportunities for smaller accountancy practices (SMPs) and just how far along their digital journeys are they?
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IAASA Newsletter updates
IAASA have published the October 2022 edition of their Standards Newsletter. Its aim is to provide the latest news and information about IAASA's auditing and assurance standards projects.
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Charities Regulator publishes Inspectors’ Report into BirdWatch Ireland
The Charities Regulator has published an inspectors’ report into Irish Wildbird Conservancy CLG T/A BirdWatch Ireland. The report follows a statutory investigation into the charity arising from concerns raised with the Charities Regulator.
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ISA 315 First time Implementation Guide
This IAASB guide focuses on the more substantial changes that were made to International Standard on Auditing 315 and will help auditors understand and apply the revised standard.
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Man pleads guilty to Company Law offence
Arising from an investigation by the Corporate Enforcement Authority (“CEA”), a man, was arraigned before Dublin Circuit Criminal Court earlier this month.
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Remote Working Guidance
The Department of Enterprise, Trade and Employment has included on its website guidance on working remotely to assist workers and businesses.
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Cyber security threats you need to watch out for
There are many cyber threats that people and companies often overlook. A recent article in CPA Ireland’s Accountancy Plus explores five major cyber security threats that firms should consider.

TCSP Services - Are you Registered?
Members holding CPA practising certificates in CPA regulated firms will be supervised for AML purposes, including their TCSP activities through the quality assurance process. However, members must ensure that all entities through which they provide TCSP services are registered with CPA Ireland. 
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CPD Wrap Ups and other events
CPA Ireland's CPD Wrap Up is a key event on the CPD calendar each year. Rounding up some of the main issues affecting accountants in both practice and industry, this two day event offers the ideal opportunity to gain valuable CPD hours while brushing up on your knowledge!
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