Welcome to the October edition of Practice Plus. As we move towards the ROS filing deadline, we bring you updated tips for ROS customers from Revenue. We also advise you of updates to the Russian sanctions and bring you details of a new resource launched to assist audit firms implement the new quality management standards which are effective from December 2022.

We remind practitioners that this is the final year of a CPD cycle and bring you details of CPA CPD tailored for members in practice.


ROS Pay and File - Tips and extended opening hours
The Pay and File deadline for ROS customers is Wednesday 16 November 2022, provided that the 2021 Form 11 return is filed, and the appropriate payment is made through ROS.
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EU adopts additional sanctions in response to situation in Ukraine
On 6 October 2022, the EU adopted additional sanctions in response to Russia’s illegal and unprovoked military aggression against Ukraine. These sanctions build on, and expand, the earlier sanctions.
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CPA Launching Sustainability Hub
In keeping with our ambition of Leading the Way in Digitalisation, Well-Being & Sustainability and following the success of our Digitalisation Hub and Well-being Platform, we are excited to be launching our bespoke Sustainability Hub for Irish Business.
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SMP Service Innovation Survey Reminder
Addressing Challenges and Improving Capabilities for Service Innovation in your Accounting Practice: Call to Participate in Survey. You are invited to participate in a study which investigates how Small Medium Accountancy Practices (SMPs), on the Island of Ireland, are responding to challenges and addressing opportunities through service innovation.
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Quality Management Resource
CPA Ireland has launched a Quality Management Resource to assist audit firms with the implementation of three new quality management standards. The standards will become effective for audit firms later in December and will replace the current quality standard upon which the processes and procedures of Irish audit firms are based – ISQC1.
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IAASA publish Observations Paper
IAASA, Ireland’s accounting enforcer, has published its annual Observations paper highlighting matters that those charged with governance should consider when preparing their financial statements for 2022.
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Advanced VAT for Accountants
Due to the continued success of this course, we are delighted to once again run the Advanced VAT for Accountants post qualification specialism commencing in November 2022. More and more our members have requested further courses in other taxes and in particular VAT due to the complex nature of VAT. This programme will provide an in-depth analysis of Advanced VAT Issues and will equip participants with the knowledge and confidence to advise on these issues.
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Final Year of 3-year CPD Cycle – upcoming CPA CPD events
CPA members are reminded that 2022 is the final year of a three-year CPD cycle. The annual renewal of practising certificates is reliant on compliance with CPD requirements. CPA Ireland have a number of topical courses to keep you up to date for the final quarter of 2022.
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Changes to your firm in 2022?
Have you made any changes to your firm in 2022, such as the retirement or addition of a partner, director, or shareholder? Or perhaps you have incorporated your practice and are now practising through a corporate entity.
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Decision Support Service – Go live date
The Department of Children, Equality, Disability, Integration and Youth has informed the Decision Support Service (DSS) that a ‘go-live’ date of 21 November 2022 has been selected for the full commencement of the Assisted Decision-Making (Capacity) Act 2015 (the 2015 Act).
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Connect with Your 2023 Accountancy Graduate Today
The Trainee Placement Service is unique to CPA Ireland and offers our members support with sourcing top graduate talent. The trainee jobs market is now very much candidate driven and organisations are finding it challenging to recruit high calibre graduates.
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