Guidance for Completion of Your Firm's Annual Return


An annual return of fee income and client numbers must be submitted on-line by the compliance principal of all CPA regulated firms. This information is provided for quality assurance and regulatory purposes.

Upon final submission, a PDF version of the return will be e-mailed to the compliance principal in the firm. This form must then be stamped by the firm’s PII provider and returned to CPA Ireland by the 28th February to allow for the timely renewal of authorisations. 

Please ensure that the information submitted is an accurate representation of your firm’s activities in the previous year. In particular,  care should be exercised when entering client numbers and details. For example, the number of audit clients entered across the various categories should reflect the number of audit reports issued in the previous year.

Please see below explanatory information for the completion of your firm’s annual return.


Data Protection

CPA Ireland will use and retain the information provided during the annual renewal process together with any other information otherwise furnished by you for the purposes of the performance of CPA Ireland of its regulatory, supervisory and statutory functions. Information furnished may be shared with third parties such as the CRO, IAASA, Central Bank and ICCL.

Individuals have the right to request a copy of any "personal data" held by CPA Ireland about them and to have inaccuracies in that information corrected.
 

Revised Definition of "Public Interest Entity"

A public interest entity as defined in Part 27 (Sec. 1461) – Companies Act 2014.

(a) entities governed by the law of a Member State whose transferable securities are admitted to trading on a regulated market of any Member State within the meaning of point 14 of Article 4(1) of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611/EEC and Directive 2000/12/EC of the European Parliament and of the Council and repealing Council Directive 93/22/EC,

(b) credit institutions as defined in point 1 of Article 3(1) of Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (but excluding credit institutions referred to in Article 2 of Directive 2013/36/EU),

(c) insurance undertakings within the meaning of Article 2(1) of Directive 91/674/EEC of 19 December 1991 on the annual accounts and consolidated accounts of insurance undertakings.

(d) are undertakings that are otherwise designated, by or under any other enactment, to be entities referred to in point (d) of Article 2(13) of the Audit Directive;
 

If you have any audit clients of such a nature further details will be requested in a follow up return.
 

Audit Services Provided to Private Limited Companies

Fees invoiced to clients in the previous year which are defined under S.350 of the Companies Act 2014 as being;

  • Small
  • Medium
  • Large
 

Audit Services Provided to Designated Activity Companies

Fees invoiced to clients in the previous year which are designated activity companies as provided for in Part 18 of the Companies Act 2014 and are classified for size purposes defined S.350 of the Companies Act 2014 as being;

  • Small
  • Medium
  • Large


Audit services provided to companies limited by guarantee

Fees invoiced to clients in the previous year which are designated activity companies as provided for in Part 16 of the Companies Act 2014 and are classified for size purposes in accordance with S.350 of the Companies Act 2014 as being;
  • Small
  • Medium
  • Large

Audit services provided to public limited companies - as provided for in part 17 of the Companies Act 2014.

Audit services provided to private unlimited companies (ULC) - as provided for in part 19 of the Companies Act 2014.

Audit services provided to public unlimited companies (PUC) - as provided for in part 19 of the Companies Act 2014.

Audit services provided to public unlimited companies without share capital (PULC) - as provided for in part 19 of the Companies Act 2014.

Accountants Report for a solicitor client in accordance with the Solicitor Accounts Regulations 2014.

Accountants Report to the Property Services Regulatory Authority for clients such as an auctioneer/estate agent, letting agent and management agent
Reports from accountants pursuant to Regulation 12 of the Property Services (Regulation) Act 2011 (Client Moneys) Regulations 2012.

Reports for unincorporated investment intermediaries
Reports from auditors pursuant to S.33 of the Investment Intermediaries Act 1995 on unincorporated entities.