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NEWS & UPDATESIrish Red Cross criticised by auditors
In a recently issued audit report, the Irish Red Cross were criticised by their auditors over several matters...
Professional body AML Supervisors under fire
As we wrote in a recent blog on the topic of AML supervision, the report by OPBAS – the Office for Professional Body...
Professional body AML Supervisors under fire
In a recent UK report by OPBAS – the Office for Professional Body Anti-Money Laundering Supervision it accuses many...
GDPR: One Year On
The GDPR is in place one year on 25 May 2019. How up to date are you on the application of the new data protection...
Ethics for Accounting and Audit
There are five fundamental principles of the Code of Ethics for accountants who are members of all the different...
Common Errors in FRS 102 Accounting
Revaluation gains on tangible fixed assets go through the Profit & Loss Account. True or False? The answer is...
Avoiding Negligence Claims
It doesn’t matter what is stated on your fee invoices. It’s more important what is in your working papers and...
Audit Update
Tax advocacy is now banned for all audit clients. True or False? The answer is ‘False’. To hear why this is false and...
Audit of Insurance Brokers
The Statutory Duty Confirmation, prepared by the auditor, must be filed with the Central Bank within two months of the...
Accounting for Impairments
Impairment of inventories is dealt with differently from the impairment of other assets within the scope of FRS...
Accounting for Deferred Tax
FRS 102.29 permits entities to discount the cash flow impact of deferred taxation as the liability to pay may not...
Audit Exemption – The New Rules
Is the following statement True or False? The exemption thresholds for audit exemption changed with effect from 21...