Welcome to the May 2023 edition of Practice Plus. This month we bring you details of an important public consultation on Company Law which includes a proposal to change the audit exemption regime. We also advise members that the changes to CRO filing that require a director’s PPS number is scheduled to go live from 11th June 2023.

May and June bring some essential webinar sessions for auditors that should not be missed!

Public Consultation - Proposal to amend the audit exemption regime
The Department of Enterprise, Trade and Employment is seeking the views of stakeholders and interested parties on specific proposals to enhance the Companies Act 2014.
Views from stakeholders and interested parties are requested no later than 5pm on 9 June 2023.
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PPS numbers and CRO filing - rescheduled go live date
Following a rescheduling of the go live date for the PPSN project, readers are advised that the implementation date will be 11 June 2023. When filing Forms A1, B1, B10 and B69, from this date, company directors will be required to provide their PPS numbers.
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CPA Ireland responds to FRED 82
The FRC’s FRED 82 proposed a number of changes resulting from the second periodic review of FRS 102 and other Financial Reporting Standards.
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Consultation to include groups in proposed auditing standard for LCEs
CPA Ireland has welcomed the proposal by the IAASB to include certain group companies in its proposal to issue an auditing standard for less complex entities.
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Law Society seeks tenders
The Law Society of Ireland are seeking proposals for the provision of internal audit services. The closing date for submissions is the 19th May 2023.
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New Solicitors Accounts Regulations
The Law Society have published new Solicitors Accounts Regulations which will come into effect on the 1st July 2023.
The current regulations have been in force since 2014 and will remain in force in respect of any accounting period that has commenced before 1st July 2023, until such time as the solicitor has furnished the Law Society with a Reporting Accountants Report.
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Join CPA Ireland’s Quality Assurance Team
An opportunity has arisen to join CPA Ireland’s Professional Standards Team as a Quality Assurance Executive.
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IAASA publishes profile of the profession
IAASA has published its annual Profile of the Profession for 2022. This contains statistical data provided by the six Prescribed Accountancy Bodies (‘PABs’) within IAASA’s supervisory remit.
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CPA Annual Conference 2023 – Navigating through global transformation
The CPA Ireland Annual Conference provides a valuable learning and networking experience for accounting professionals looking to stay ahead of the curve and thrive in a rapidly changing global economy.
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Essential auditing CPD
This month delivers two essential and informative webinar sessions that should not be missed by auditors.
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Making changes to your firm structure in 2023?
Are you planning to make changes to your firm in 2023, 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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