AML training must be more than mere lip service

In a recent sanction by the Central Bank, attention is being drawn to the fact that anti-money laundering (AML) training needs to be focused, specific and ongoing. In the sanction report, a financial services firm was fined €443,000 in June 2018 for failures that included lack of appropriate AML training. The sanctions report reads: ‘it… Read More

Welcome to our new website

It seems a good time to launch a new website. After nine years in business, it was time to give the site a refresh. We have: added a shopping facility to our website to allow you download and pay for template engagement letters, letters of representation and various manuals. See more at this link; and changed… Read More

GDPR – Be Practical!

Small accountancy practices, like any other SME will need to ensure they have written policies and procedures in place on time to implement the requirements of the GDPR by 25 May. Here are some more ideas for some practical implementation steps firms may be able to take. Privacy notices Privacy notices are used to inform… Read More

GDPR – Let’s be practical

There are probably too many blogs and press releases about the GDPR (The General Data Protection Regulation) these days. Here’s how we think the new regulations, coming into force on May 25th 2018, will affect small accountancy practices.  What is data? It’s worth mentioning straight away, that this regulation covers personal data (not company data)… Read More

GDPR – It’s not going away

All accountants and their clients have at least a basic understanding of the new Data Protection Regulation (GDPR) that will come into effect from 25 May 2018. Here we present some more tips to aid data protection compliance by the 25 May deadline. Handling information from clients for their personal information (subject access requests) Do… Read More