Friday, December 18, 2009
Chartered Accountants Ireland has today published an information booklet on entitled 'Going Concern and Liquidity Risk'.The publication aims to provide information for directors of Irish companies and others involved in the financial reporting process. It brings together the current requirements of.....
Wednesday, December 09, 2009
The Minister for Finance has today chosen not to increase the overall burden of taxation on the economy, and Chartered Accountants Ireland believes this is the right course of action if we are to restore economic growth.Income Tax"It would have been wrong to increase the income tax burden on b.....
Wednesday, December 09, 2009
The Chancellor's announcements not to increase the rate of Corporation Tax for smaller companies or the rate of Capital Gains Tax and his confirmation that Value Added Tax will not increase above 17.5% after 1 January 2010 are of particular significance to the Northern Ireland Economy, according to.....
Wednesday, December 09, 2009
Chartered Accountants Ireland President, Tom Fitzpatrick, has said that the opening of the Institute's new Training Centre and Administrative Headquarters on Pearse Street was a statement of confidence about the future of the accounting profession and Ireland's economy.Mr Fitzpatrick was speaking f.....
Wednesday, December 02, 2009
Chartered Accountants Ireland has said that there are some encouraging signs in the November tax figures published this afternoon and that fears of a meltdown of revenue from the self employed sector have been misplaced.The key aspect of the November figures is that they give the best indication of.....
Friday, November 27, 2009
Guests and colleaguesLet me start by welcoming you to the Mansion House. And, as we have a number of overseas guests with us, let me start by pointing out the historic nature of this room. This is the place where the Irish Parliament, the first Dáil met in 1919 following the then Sinn Féin's crushi.....
Tuesday, November 03, 2009
Chartered Accountants Ireland has called for a refocused debate on the issues facing our economy in the light of today's Exchequer figures."There is now almost no prospect of total tax revenue reaching €32bn this year. Most worrying is the decline in VAT receipts, which now run more than half .....
Friday, October 23, 2009
A sign of the times is an increase in the number of companies experiencing difficulties. One indicator of this is a recent report from insolvencyjournal.ie projecting that the number of insolvencies in the Republic of Ireland in 2009 would breach 1,400. In comparison over the previous 10 years the .....
Tuesday, October 13, 2009
Chartered Accountants Ireland has welcomed the decision of the Auditing Practices Board ('APB') to issue new standards on auditing for application in Ireland and the UK (ISAs (UK & Ireland)). These will apply for audits of financial statements for periods ending on or after 15 December 2010. Co.....
Thursday, October 01, 2009
Number of insolvencies double in first nine months of 2009 - insolvencies predicted to top 1,400 by year endChartered Accountants Ireland, in association with Kavanagh Fennell today launches 'A Practical Guide to Insolvency' written by Kavanagh Fennell and published by Chartered Accountants Ireland.....
Tuesday, September 29, 2009
Chartered Accountants NorthWest Society, the district society of Chartered Accountants Ireland (formerly known as the Institute of Chartered Accountants in Ireland) covering the Sligo, Leitrim, Donegal and Roscommon regions has called for a Yes vote in the forthcoming referendum on the Lisbon Treat.....
Monday, September 28, 2009
Chartered Accountants Ireland unequivocally rejects comments by Libertas Chairman Mr Declan Ganley over the weekend that a "Yes" vote will advance any EU Tax Harmonisation Agenda. Chartered Accountants Ireland is concerned about the confusion being spread by advocates of the Lisbon ".....
Friday, September 18, 2009
A confused reading of a Lisbon Treaty provision by the National Platform has led them to assert that it will "threaten" Ireland's 12.5% Corporation Tax Rate. Their assertion is factually incorrect."The Lisbon legislation is complicated - all sides would agree to that at least - and b.....
Thursday, September 17, 2009
Chartered Accountants Ireland said today that suggestions by Mr Declan Ganley on national radio that "tax harmonisation, if we were to vote Yes, will be right back on the agenda" are disingenuous and ill informed. Mr Liam Lynch, Council member and Chair of the Institute's taxation committ.....
Monday, September 07, 2009
The Commission on Taxation report contains some controversial suggestions as to how areas like property could come into the tax system in the future. These and other issues need to be debated fully. However, Chartered Accountants Ireland has warned that vigorous discussion of these issues should no.....
Friday, September 04, 2009
Chartered Accountants Ireland is publishing a book that looks at the profile of women who make it to the top of the accountancy profession. The book, written by Professor Patricia Barker, will be launched by Chartered Accountants Ireland President, Tom Fitzpatrick and Deputy Joan Burton (herself a .....
Thursday, September 03, 2009
The Consultative Committee of Accountancy Bodies - Ireland has called for a Yes vote in the forthcoming referendum on the Lisbon Treaty.CCAB-I is comprised of the State's largest accountancy bodies - Chartered Accountants Ireland (formerly the Institute of Chartered Accountants in Ireland), the Ass.....
Friday, August 28, 2009
The Institute of Chartered Accountants in Ireland is to change its operational name to Chartered Accountants Ireland from September 1st. Chartered Accountants Ireland will become the working name of the Institute from that date. The Institute of Chartered Accountants in Ireland will remain the lega.....
Friday, August 21, 2009
Article by Aidan Lambe, ICAI Director of Representation and Technical Policy, on the ASB's proposal on IFRS for SMEs. This article was published in the Irish Independent on August 20th, 2009.There has been some discussion in these pages of late, led by some of our biggest accountancy firms, about p.....
Friday, August 14, 2009
ICAI welcomes the publication this week, by the Accounting Standards Board in the UK, of the consultation paper 'Policy Proposal: The Future of UK GAAP'. Commenting, ICAI Director of Representation and Technical Policy, Aidan Lambe, said "ICAI supports the ASB in its overarching strategy of ac.....
Wednesday, August 05, 2009
The Institute of Chartered Accountants in Ireland (ICAI) has welcomed the publication of a draft consultation by the Auditing Practices Board on the audit of occupational pension schemes in the Republic of Ireland. This updates the current guidance, which was issued in December 2005, for changes in.....
Wednesday, July 22, 2009
The Institute of Chartered Accountants in Ireland ('ICAI') has welcomed the publication by the Department of Enterprise, Trade and Employment of draft Regulations aimed at transposing the Statutory Audit Directive ('SAD') of the European Union. This primary purpose of this Directive is aimed at est.....
Tuesday, July 21, 2009
[Tuesday 21st July] The Institute of Chartered Accountants in Ireland (ICAI) has today supported remarks from the Tanaiste, Mary Coughlan, on the urgent need to restore cost competitiveness across all sectors of the economy. Commenting on the Tanaiste's speech, Aidan Lambe, Director, Technical Poli.....
Friday, June 26, 2009
The Institute of Chartered Accountants in Ireland is the fastest growing professional accountancy body in the United Kingdom and Ireland according to the latest statistics from the Professional Oversight Board, an operating board of the United Kingdom's Financial Reporting Council.Between 2003 and .....
Wednesday, June 10, 2009
The Institute of Chartered Accountants in Ireland has joined with its sister international accountancy bodies in the Global Accounting Alliance in declaring its support for international accounting standards/International Financial Reporting Standards and the independent standard setter the Interna.....
Friday, June 05, 2009
In a ground-breaking addition to its 120-year training model, the Institute of Chartered Accountants in Ireland (ICAI) has this week launched the 'Elevation Programme', a new entry route to the profession for experienced professionals. This innovative development will be welcome news to graduates w.....
Friday, May 22, 2009
Mr Tom Fitzpatrick FCA has succeeded Mr Jim Aiken FCA as President of the country's largest and oldest professional accountancy body, the Institute of Chartered Accountants in Ireland (ICAI), at its AGM held in Dublin today.Mr Fitzpatrick is Managing Partner at FMB Chartered Accountants. Mr Paul O'.....
Friday, May 15, 2009
Extract from remarks by Mr Jim Aiken FCAPresident of the Institute of Chartered Accountants in IrelandOpening ICAI's Annual Conference, 15th-16th MayRadisson Hotel GalwayThe theme of this conference is Inspiring Confidence. Its purpose is to better equip you as chartered accountants to better assis.....
Thursday, May 07, 2009
The Finance Bill 2009 published today confirms all the income levy increases and tax relief cuts announced in the April Budget. However there is one small element of relief for hard pressed taxpayers who have lost their jobs - the Minister for Finance won't look for the income levy on their redunda.....
Thursday, May 07, 2009
The Institute of Chartered Accountants in Ireland (ICAI) has called for changes to the Companies Bill 2009 which is being introduced today in the Seanad. Commenting on the Bill, ICAI Director of Technical Policy and Representation, Aidan Lambe, described the approach taken to the important issue of.....
Thursday, April 30, 2009
The Institute of Chartered Accountants in Ireland (ICAI) said today that extra effort will be needed to ensure the tax changes from the April Budget are applied consistently and fairly."There is needless complication over the way changes to Mortgage Interest Relief and the Income Levy are to b.....
Tuesday, April 28, 2009
An overwhelming majority of Irish businesses are experiencing serious difficulties in accessing finance from credit institutions according to a survey of chartered accountancy firms conducted by the Institute of Chartered Accountants in Ireland (ICAI).The headline findings of the ICAI survey are:Ov.....
Wednesday, April 22, 2009
A Period of Belt-tightening lies ahead for Northern Ireland Northern Ireland's Chartered Accountants said that Chancellor Alistair Darling's Budget was a difficult budget for difficult times, and would provide further efficiency challenges for the Northern Ireland Executive.Kevin Kingston, Chairman.....
Tuesday, April 07, 2009
Maintaining competitiveness is the only sure way to secure existing jobs and create new jobs both for the private and the public sectors, according to the Institute of Chartered Accountants in Ireland."The Minister's task today was twofold - to halt the increase in money spent over taxation ra.....
Friday, March 27, 2009
The Institute of Chartered Accountants in Ireland (ICAI) has received details of the new Revenue Investigation into Trusts and Offshore Structures.According to ICAI Director of Taxation Brian Keegan, the new investigation is structured in the same way as previous investigations into Deposit Account.....
Tuesday, March 24, 2009
The Complaints Committee of the Chartered Accountants Regulatory Board (CARB), the body established by the Institute of Chartered Accountants in Ireland (ICAI) to regulate its members, has announced the further appointment, on 16th March 2009, of Mr. John Purcell, former Comptroller and Auditor Gen.....
Friday, March 13, 2009
The Institute of Chartered Accountants in Ireland has noted the announcement by the Irish Auditing and Accounting Supervisory Authority (IAASA) that it has established a committee of enquiry into the Institute's observance of its own procedures in the 'KPMG/NTR' case.The Institute is satisfied that.....
Monday, March 09, 2009
An influential line-up of business, political and media commentators will join 500 Chartered Accountants to discuss ways to stimulate growth and economic recovery at this year's Institute of Chartered Accountants in Ireland (ICAI) Annual Conference. Keynote speakers will include Labour party leader.....
Friday, March 06, 2009
The Institute of Chartered Accountants in Ireland has today published an information booklet on 'Going Concern' considerations in the current economic environment. The document is available to view here. The document aims to highlight to company directors, members of audit committees, auditors and .....
Thursday, March 05, 2009
The Consultative Committee of Accountancy Bodies - Ireland (CCAB-I), the umbrella group of the State's largest accountancy bodies welcomes the Government decision today to announce new measures by the end of the month."We know at first hand the serious decline in business generally and in tax .....
Wednesday, March 04, 2009
The Consultative Committee of Accountancy Bodies - Ireland (CCAB-I), the umbrella group of the state's largest accountancy bodies, has called today for an early Budget to tackle the serious decline in the economic situation.It is not realistic to believe that tax receipts of some €41 billion for 20.....
Wednesday, March 04, 2009
The Consultative Committee of Accountancy Bodies - Ireland (CCAB-I), the umbrella group of the State's largest accountancy bodies welcomes the Government decision today to announce new measures by the end of the month."We know at first hand the serious decline in business generally and in tax .....
Thursday, February 26, 2009
The Institute of Chartered Accountants in Ireland has today welcomed the proposals from the European Commission allowing Member States to decide for themselves the applicability or otherwise of EU derived financial reporting requirements as they apply to 'micro-entities'. ICAI also welcomed the Com.....
Thursday, February 26, 2009
The Consultative Committee of Accountancy Bodies - Ireland (CCAB-I) presented oral evidence to the Commission on Taxation at its request this week. CCAB-I had previously made written submissions to the Commission.The CCAB-I delegation stressed that coherent tax policy for Ireland should be based on.....
Thursday, February 19, 2009
The observations of the Comptroller and Auditor General as reported at the Public Accounts Committee today that there is a risk that up to 30% of taxpayers underdeclare the tax they owe is open to misinterpretation, according to the Institute of Chartered Accountants in Ireland."First of all, .....
Thursday, January 29, 2009
As talks continue today between the Government and the Social Partners on the inevitability of tax increases, the Institute of Chartered Accountants in Ireland (ICAI) has urged a focus on tax measures which won't further damage the economy."Our tax system already discriminates positively towar.....
Friday, January 23, 2009
The Institute of Chartered Accountants in Ireland has welcomed the publication of the Company Law Review Group Report for 2007. 2007 was an important year for the CLRG which saw the Government approve the general scheme of the new Consolidated Companies Legislation, as well as completing further wo.....