Tag Archives: Coronavirus (COVID-19)

Challenges for Auditors During the Pandemic – Part 3

This is our third and final blog about the results of audit monitoring inspections during the Pandemic. In Part 2 last week, we looked at going concern (ISA 570), subsequent events (ISA 560) and the lack of financial statement disclosures regarding COVID. In Part 1 two weeks ago, we looked at stock attendance (ISA 501),… Read More


Challenges for Auditors During the Pandemic – Part 2

This is Part 2 of our series of three blogs about the impact that the Coronavirus (COVID-19) is having on evidencing of audit work. In Part 1 last week, we looked at issues like stock attendance (ISA 501), fraud (ISA 240) and accounting systems and controls (ISA 315). Here are some other problem areas seen… Read More


Challenges for Auditors During the Pandemic – Part 1

The Coronavirus (COVID-19) has caused auditors to develop new techniques in carrying out their audit work, mainly involving greater use of technology. In this, the first blog of our three-part series, we will look at some recent audit monitoring inspection reports that have highlighted the most common problem areas for auditors. Stock Attendance (ISA 501)… Read More


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


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