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Information Sheet 02/2009 - Invest Northern Ireland

Friday, February 20, 2009

Proforma Engagement Letter, Example Grant Reports and Agreed Standardised Terms of Engagement with Invest Northern IrelandInformation Sheet IS 02/2009 has been produced to provide information to independent accountants regarding the provision of accountants' reports on grant claims to Invest Northe.....


EU Commission proposal on certain third country auditors

Thursday, January 31, 2008

EU Statutory Audit Directive: Commission services propose a transitional period for audit activities of certain third country auditors and audit entities to be adopted through comitology procedureClick here to read the proposal.....


UK Self Assessment Deadline

Thursday, January 31, 2008

Following member calls today, we have been in touch with HMRC and unfortunately received confirmation that there is a problem with the Self Assessment OnLine system. Clearly this is a critical issue, and we will be following up the matter with HMRC. Updates will be posted here to our site.....


The Financial Reporting of Pensions: ASB issues Discussion Paper

Thursday, January 31, 2008

The ASB has this week issued a Discussion Paper, ‘The Financial Reporting of Pensions’, that discusses important changes to the way pension fund assets and liabilities are calculated and reported. The paper aims to stimulate debate and to influence the International Accounting Standards Board as it.....


FRC Quarterly Strategic Progress & Planning Report

Thursday, January 31, 2008

The Financial Reporting Council (FRC), the UK’s independent regulator responsible for promoting confidence in corporate reporting and governance, has this week published a report on its work in the October-December quarter of its 2007/08 year, together with expected developments in the current quar.....


Regulation of Audit and of the Accountancy Profession in the UK

Thursday, January 31, 2008

The Professional Oversight Board ('POB') has published drafts of three sets of regulations which relate to the Companies Act 2006 and the Statutory Auditors and Third Country Auditors Regulations 2007 which make further changes to the statutory framework, in particular to give effect in the UK to t.....


PCAOB Approves New Auditing Standard No. 6

Tuesday, January 29, 2008

The Public Company Accounting Oversight Board today voted to adopt Auditing Standard No. 6, Evaluating Consistency of Financial Statements, and an accompanying set of amendments to the Board's interim auditing standards. The Board adopted the standard and amendments in light of the Financial Accoun.....


Stamp Duty

Monday, January 28, 2008

Revenue have issued an information leaflet on the changes to the stamp duty charge to the transfer of Irish securities, which was introduced by FA07 s109.The information leaflet is available her.....


New tax relief for entrepreneurs

Monday, January 28, 2008

On 24 January, the Chancellor of the Exchequer announced a new capital gains tax relief. The so called “Entrepreneurs' relief” will be targeted on the owners of small businesses, and will apply when they sell their business. It will deliver a 10 per cent tax rate for up to the first £1 million.....


Form Med 1

Monday, January 28, 2008

The updated Form Med 1, which is used to claim relief for health expenses (excluding non-routine dental expenses as you need to use Form Med 2), is available on the Revenue website.Click here to access the form.....


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Recommended Reading

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