Professional Standards

What we do

The Professional Standards Department of Chartered Accountants Ireland, along with relevant compliance and disciplinary committees, is responsible for the delivery of the Institute's regulatory and disciplinary obligations which derive both from statute and its own Bye-Laws and Regulations.
The Professional Standards Board develops Institute Policy with regard to regulatory matters and approves Institute Regulations governing regulation and discipline. It also oversees PSD in its delivery of the Institute’s regulatory and disciplinary functions.

Latest news

Professional Standards

The thirteenth Annual Report of CARB has now been published.  The CARB Annual Report 2019 can be downloaded via the following link: CARB Annual Report 2019.

Jun 30, 2020
Professional Standards

The Corporate Insolvency and Governance Bill is likely to receive Royal Assent on 26th June 2020. The Bill, once it has been made law, will introduce the biggest reforms to the UK’s insolvency framework for almost 20 years. This emergency legislation will:  introduce new corporate restructuring tools to the insolvency and restructuring regime to give companies the breathing space and tools required to maximise their chance of survival during these uncertain times;  temporarily suspend parts of insolvency law to support directors to continue trading through the emergency without the threat of personal liability for wrongful trading and to protect companies from creditor action;  amend Company Law and other legislation to provide companies and other bodies with temporary easements on company filing and annual general meetings.  Although this new legislation is primarily of relevance to Insolvency Practitioners, members in practice are also encouraged to participate in the webinars. Joint virtual training events have been organised for:  30th June to talk about the corporate governance changes being introduced by the Bill; and  7th July to talk about the insolvency aspects of the new Bill.  These webinars are FREE and available to both R3 members and Non-members, but you must register.    For more information on key speakers and how to register please see links below.  30th June Corporate Governance  7th July Corporate Insolvency 

Jun 23, 2020
Professional Standards

At its meeting on 22nd May 2020, the Institute Council consented to the merging of the responsibilities of the Regulatory Policy Board and the Chartered Accountants Regulatory Board (CARB) into a single Board – the Professional Standards Board (‘the PSB’). The PSB will assume responsibility for the development and approval of relevant Bye-laws, Regulations, and associated policies and guidance which underpin the Institute’s regulatory and disciplinary obligations and for oversight of the Professional Standard Department.  This move marks the end of the process of reforming the Institute’s regulatory governance structures to reflect changes in responses to changes in the external environment govern regulation of the profession. Over the coming weeks and months, changes will be made to the PSD pages of the Institute website and documentation to reflect these changes. The Regulatory Policy Board and CARB Board have now ceased, with the new PSB commencing on 22nd May 2020.

Jun 05, 2020