Latest CHARIOT Build Update - Feb 09

Thu, Feb 5, 2009

CHARIOT (Chartered Accountants Reference and Information Tool) has now been updated online.

CHARIOT online is a free Members only service.

You will need your Member ID and password to access CHARIOT .If you have forgotten your password, send an email to webmaster@icai.ie and a new password will be issued to you in due course.

The following material has been added to the February 09 CHARIOT build:

Statements of Insolvency Practice

  • SIP 19B Appointment as examiner under the Companies (Amendment) Act, 1990

APB Practice Notes -

  • PN 27 (I) The Audit of Credit Unions in the Republic of Ireland
  • PN 11 The Audit Of Charities In The United Kingdom (revised)

APB Bulletins

  • 2008/10 Going Concern Issues During the Current Economic Conditions

Corporate Governance

  • FRC Challenges for audit committees arising from current economic conditions
  • FRC An update for directors of listed companies: Going concern and liquidity risk

International Financial Reporting Standards

  • IFRS 1 (Revised) First-time adoption of international financial reporting standards (annual periods beginning on or after 1 January 2009)

ASB Financial Reporting Standards

  • Amendment to FRS 8 Related party disclosures: Legal changes 2008

Pensions Regulator Materials

  • Pensions Regulator Clearance Guidance (December 2008)
  • Pensions Regulator Abandonment of defined benefit pension schemes (December 2008)

 

Statements of Recommended Practice

  • Code of practice on local authority accounting in the UK 2008

UK Legislation


Statutory Instruments

  • 2006 No 3428 Companies Act 2006 (Commencement No 1, Transitional Provisions and Savings) Order 2006
  • 2008 No 565 Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008
  • 2008 No 567 Bank Accounts Directive (Miscellaneous Banks) Regulations 2008
  • 2008 No 569 Partnerships (Accounts) Regulations 2008
  • 2008 No 623 Companies (Defective Accounts and Directors' Reports) (Authorised Person) and Supervision of Accounts and Reports (Prescribed Body) Order 2008

EU Materials - EU Regulations

  • Regulation (EC) No 1126/2008 of 3 November 2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council

Amendments to the site:

Moved to "IFRS/IAS Archive of standards which may be applicable"

  • IFRS 1 First-time adoption of international financial reporting standards (annual periods beginning on or after 1 January 2006)


Solicitors Accounts Regulations 2001

  • Information Sheet 07/2008 Amendments to Solicitors Accounts Regulations 2001 and Professional Indemnity Insurance Minimum Cover for Reporting Accountants in the Republic of Ireland now also appears under M38 Solicitors Accounts Regulations 2001.

 

Recommended Reading

Featured book

A Practical Guide to Insolvency by Kavanagh Fennell now available on the iBookstore This easy-to-use guide to the complexities of insolvency in Ireland for business managers, accountants, and other professionals, previously published in paperback, is available for your iPad in the iBookstore and for your Kobo eReader from KoboBooks.

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