Tag Archives: ISQC1

New AML Guidance from the CCAB-I

On Friday 4 March 2022 the Consultative Committee of Accountancy Bodies in Ireland (CCAB-I) issued updated guidance applicable to accountants in practice for immediate use. The Guidance is a widely respected and hugely valuable document among accountants as it sets out the minimum criteria that must be adhered to in order to comply with the… Read More


New Style Cuckooing

Have you checked what companies are registered at your office address, lately? Well, maybe now is a good time! Police sometimes describe the practice by which drug dealers take over someone’s home (often a vulnerable person) as a base for their activities as ‘cuckooing’. It now appears that this phenomenon has ‘come home to roost’… Read More


Proposals to Change the Law for Co-Operatives

There is currently no specific modern legislation dealing with co-operatives in Ireland. The Industrial and Provident Societies (IPS) Acts 1893-2021 come from another century and do not mirror up to date company law principles. Currently there are 960 Industrial and Provident Societies registered, comprised mainly of various agricultural co-operatives, group water schemes and housing co-operatives.… Read More


Banned

Recent blogs have dealt with some of the changes to the Ethical Standard for Auditors and to ISQC1 some important changes have occurred. We wrote on: 2 November 2021 Do you know your RITP from your IES 8? about the measure of independence of the audit team and the ongoing CPD requirements for Audit Engagement… Read More


The Auditor as Referee

As we mentioned in last week’s blog, we are writing a series of blogs on the recent changes to the Ethical Standard for Auditors that have been become effective since 15 July 2021 and some changes to the ISQC1 ‘Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and other Assurance and… Read More


Do you know your RITP from your IES 8?

Recent changes to the Ethical Standard for Auditors in Ireland mean that there is much less chance of auditing being a dull profession! The changes are the first to arise since the previous standard was issued in April 2017 and, following representations from the professional bodies, were postponed by over a year to allow for… Read More


Audit Quality Control Logo

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