Tag Archives: letters of representation

Charities Governance Code Explained

The Charities Governance Code Explained In the last few weeks we have covered several topics in relation to Charities in Ireland arising from the 2019 Charities Regulator Report published in the summer. We have covered the Types of Charities and Charities by the Numbers. This week we will look at the Charities Governance Code (the… Read More


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


FSSU deadline highlights the inadequacies of the Education Act, 1998

Many accountants and auditors are working hard this week to assist primary and post-primary schools around Ireland meet the 28 February 2020 deadline set by the Financial Support Services Unit (FSSU) for the filing of schools’ annual financial statements. The Education Act, 1998 (the Act) is the relevant legislation that governs this area but it’s… Read More


Accounting Changes Bring Tricky Consequences

The new Companies (Accounting) Act, 2017 came into effect from 9 June 2017. It has brought with it, some strange consequences for micro-companies, in particular. The Act brings into law a new accounting standard for measurement and presentation called FRS 105. This essentially new accounting framework, among other things, will mean that certain qualifying ‘micro’ companies will not… Read More


engagement letters image april 2016.jpg

Are your engagement letters up to date?

 The advent of the new accounting standard FRS 102 for financial periods commencing 1 January 2015 has triggered the need to update engagement letters for both audit and audit exempt companies. Some of the issues that the new engagement letters will need to deal with include: the Companies Act, 2014 allocating responsibility for the decision to… Read More