Welcome to the July edition of CPA Ireland’s Practice Plus. This month we issued CPA practitioners with digital practising certificates for the first time. We hope practitioners find them to be beneficial and we encourage the adoption of this new opportunity to digitally display authorisations.
The CRO Stakeholders Forum provides an opportunity to raise issues with CRO, the June Forum minutes are now available, and they explore topics such as enforcement and the newly launched PPS number requirement for directors.
We also highlight developments in Ireland’s transposition of the Corporate Sustainability Reporting Directive and CCAB-I’s pre-budget submission 2024.
Pre-Budget Submission – Supporting Ireland’s transition to a sustainable future
CCAB-I’s Pre-Budget submission sets out a range of proposals informed by members and the businesses with whom they work, to enhance the Irish economy, and set Ireland on its way to achieving climate targets at the same time.
CPA Ireland issues digital certificates
CPA Ireland has issued digital practising certificates to its practitioners and audit firms for the first time. The certificates can be added to LinkedIn profiles, shared via email or social media, or downloaded and embedded to email signatures or professional websites.
Minutes of June CRO Stakeholder Forum now available
The minutes for the June 2023 CRO Stakeholder Forum are now available. The forum provided the opportunity to raise issues identified with the new PPS number requirement for directors, which went live on 11th
FRC issues amendments to FRS 101 and FRS 102
The FRC has issued Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and FRS 101 Reduced Disclosure Framework – International tax reform – Pillar Two model rules.
IFAC releases ISQM implementation supports for small firms
The International Federation of Accountants (IFAC) has released the second instalment in a three-part publication series to help small- and medium-sized practices implement the new quality management standards for audit firms.
Preparing business for the Corporate Sustainability Reporting Directive (CSRD)
Ireland and other member states have until mid-2024 to transpose the CSRD, with a view to mandatory requirements commencing for financial years on or after 1 January 2024 for certain companies.
IFAC responds to European Sustainability Reporting Standards
The International Federation of Accountants (IFAC) has submitted feedback in response to the European Commission’s European Sustainability Reporting Standards (ESRS)
. In its response, IFAC welcomes the standards while noting significant concerns regarding the need for interoperability that supports a global system for reporting.
Audit Firm Notification Requirements
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.
IAASA publish new edition of Standards Newsletter
IAASA have published a June 2023 edition of their Standards Newsletter.
Join us for the Irish Accountancy Conference 2023
Taking place online on 8th & 9th September 2023, the Irish Accountancy Conference combines the Practice and Industry Matters conferences to deliver a 1.5 day conference with top quality speakers and flexible subject options.
Join CPA Ireland’s Quality Assurance Team
An opportunity has arisen to join CPA Ireland’s Professional Standards Team as a Quality Assurance Executive.