Irish Auditing and Accounting Supervisory Authority [IAASA]
Extract From IAASA Annual Report for 2017
The Companies (Statutory Audits) Bill 2017 once enacted will bring forward sweeping changes to the regulation of the Recognised Accounting Bodies [RABs] under the remit of IAASA.
Companies (Statutory Audits) Bill 2017 – Significant Development
The Companies (Statutory Audits) Bill 2017 (‘the Bill’), which will replace Statutory Instrument SI 312, was published on 6 November 2017 and is currently proceeding through the legislative process. The principal provisions of the Bill which impact on IAASA and the Recognised Accountancy Bodies (RABs’) [ACCA, CPA, ICAEW, ICAI, ICAS and IIPA] respective roles in relation to auditors are that:
The new legislation will usher in the most comprehensive overhaul of Irish company law in over 50 years and we will provide you with a detailed synopsis of the highlights and notable changes that are to be introduced.
ACIS, Corporate Law & Company Secretarial Practice
A concise guide to the practical measures that Accounting Firms need to take from a tax perspective in adhering to FRS102.This will link up and follow on smoothly from the earlier presentation on the Accounting implications of FRS 102 covered by previous speakers.
The Statement of Recommended Practice applies to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and ROI (FRS 102) - effective date January 2015.