Audit firms are reminded that S.1487 of the Companies Act 2014 requires that an auditor or an audit firm notify their Recognised Accountancy Body of any change in the information contained in the public register relating to them. S.1488 of the Act requires that the notification be signed. A contravention of either S.1487 or S.1488 is a category 4 offence.
Firms are asked to check the public register of auditors, held by the CRO via CORE to ensure that the data held for their firm is correct. Any discrepancies should be notified to CPA Ireland immediately to profstnds@cpaireland.ie
Bye Law 13.41 requires that a CPA firm notify CPA of changes to voting rights, name of firm, address/place of business, partnership structure etc. as soon as practicable, but not later than ten business days after the event.
Failure to notify CPA Ireland of changes to your firm may result in further regulatory action.
Firms should not wait until the annual renewal of licences to advise of changes.