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NEWS & UPDATES
Central Bank Register of Bank Accounts
For anti-money laundering purposes, the Central Bank has, since 2023, operated a Register Of Bank Accounts and Safety...
The Auditor’s Responsibilities Relating to Fraud (ISA (Ireland) 240)
Often the topic of fraud is addressed poorly on audit files. Frequently audit files include a simple statement that...
Countries Lacking Effective MLTF Controls
In last week’s blog we discussed the CPI, or the Corruption Perceptions Index (CPI) often used by MLROs as a...
Higher Risk Clients and Prominent Public Functions
Our last blog for 2024 looked at new clients that might present a higher ML risk to the accountancy sector arising...
The Three Most Important Items on an Audit File
It’s the best slogan invented by estate agents which they say are the three most important things with property which...
Common Audit File Weaknesses
Our firm carries out many cold file reviews of audit files and comes across many varieties of audit file weaknesses...
Corruption Perceptions Index (CPI) for 2024
The CPI, or the Corruption Perceptions Index (CPI) is (according to the publishers Transparency International) the...
New Clients Presenting Higher ML Risk
Last week we looked at clients that might present a higher ML risk to the accountancy sector generally. This week we...
Audit Risks Relating to Related Party Transactions
The requirements of the ISA (Ireland) 550 ‘Related Parties’ are most important, given the propensity in recent times,...
Charities SORP FRS 102 (Third Edition) 2025
In March 2024, the Financial Reporting Council (FRC) completed the Periodic Review of FRS 102, following a...
Other Client Risk Sectors
In last week’s blog we looked at higher risk clients and PEPs in particular, who might present a higher ML risk to the...
Higher Risk Clients for AML Purposes
This week we are continuing our series on what is a higher risk client for AML purposes? There are a number of answers...
