Category Archives: News

Charities Regulator Report by the Numbers

Charities Regulator Report by the Numbers As we saw in last weeks’ blog there is a wide variety of charity on the Register of Charities in Ireland. This week we look at the percentage of charities by income and numbers of employees. Charities by Income 52% of charities had annual income of more than €100,000,… Read More


Charities Regulator Report

Charities Regulator Report The number of charities registered in Ireland passed the 10,000 mark in 2019 (the actual number was 10,514), according to the Charities Regulator which published its annual report in July 2020. The Register of Charities The 10,514 charities on the public Register of Charities at the end of 2019 is an increase… Read More


How Is Your Insolvency Compliance?

How is Your Insolvency Compliance? In previous weeks’ blogs we wrote about the recent publication of the 2019 Annual Report of the Chartered Accountants Regulatory Board (CARB). This week we look at the results of Insolvency Compliance inspections. Of the insolvency inspections completed in the Republic of Ireland in 2019, 26% were not satisfactory. Often… Read More


Anti-Money Laundering Compliance

How is your AML Compliance? In last week’s blog we wrote about the recent publication of the 2019 Annual Report of the Chartered Accountants Regulatory Board (CARB). The section on Money Laundering inspections will be of interest to readers. Money Laundering Compliance Review – Every firm is required to perform an annual money laundering compliance… Read More


Institute Inspection Visit Results for 2019

Institute Inspection Visit Results for 2019 The publication of the 2019 Annual Report of the Chartered Accountants Regulatory Board (CARB) makes interesting reading. It includes the results of the inspections carried out by the Professional Standards Department  that were concluded in 2019. Here we look at an extract from the report where 113 audit inspections… Read More


Audit Evidence

The recent reminder from the Chartered Accountants Ireland Professional Standards Department about findings on audit review visits, could have been written ten years ago or more. The same issues keep coming up. They are essentially about the lack of adequate evidence and lack of documentation of the audit work performed. There are some critical concepts… Read More




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Latest Manual for Audit Quality Control

Does your ISQC1 Audit Quality Control Manual deal with: • Root Cause Analysis(best practice developments following cold file reviews) and • Section 934 I (3) of the Companies Act, 2014 – as introduced by the Companies (Statutory Audits) Act, 2018 from 21 September 2018, dealing with reporting systems within audit firms to allow audit personnel… Read More


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COVID-19 Going Concern, Risk and Viability

‘Going concern’ is not a simple binary or pass/fail concept. A company can be a going concern even when one or more material uncertainties exist. In such circumstances what becomes important is the disclosure about the uncertainties and management’s consideration of these.’ Quote from the recent Financial Reporting Lab’s guidance on ‘Going concern, risk and… Read More