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The Professional Standards Department of Chartered Accountants Ireland 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.  Key functions include:

  • Professional authorisations;
  • Professional Conduct; and
  • Quality Assurance.

Key committees involved in these processes include the Quality Assurance Committee, the Insolvency Licensing Committee, and the Conduct Committee.

Since 22 May 2020, the Professional Standards Board (‘PSB’), under authority delegated to the PSB by the Institute Council, is responsible for oversight and supervision of how the Institute discharges its regulatory and disciplinary obligations which derive both from statute and the Institute’s own Bye-laws and Regulations.  The PSB therefore has responsibility for the development and approval of relevant bye-laws, regulations, and associated policies and guidance which underpin the Institute’s regulatory and disciplinary functions and for oversight of the Professional Standard Department. 

The Professional Standards Department of Chartered Accountants Ireland delivers the Institute’s regulatory and disciplinary functions.  Core activities of the Professional Standards Department include:

  • Professional authorisations: granting, renewing, and where appropriate removing, licences to practice, to act as an auditor, to provide Investment Business advice and to accept insolvency appointments.
  • Developing regulatory policy and professional standards.
  • Quality assurance: Monitoring members and firms for compliance with those standards.
  • Professional conduct: Dealing with complaints and taking disciplinary action when appropriate. 

A number of committees are involved in the Professional Standards activities and these committees report to the PSB. 

The Institute is subject to external oversight by a number of independent authorities with regard to how it meets  its obligations as a regulator. 

With the formation of the PSB on 22 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 Regulatory Policy Board and CARB Board consequently ceased . This move marked the end of  a 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.

The PSB is appointed by Council in accordance with the Institute’s Bye-Laws.   The members of the current PSB are:

Board members Status
Denis Cagney Non-accountant
Donal de Buitléar (Chairman)
Non-accountant 
Eric Bell Accountant 
Gerard McGinn  Non-accountant 
Imelda Reynolds Non-accountant
Maeve Carton Accountant 
Niall Walsh Accountant 
Paul O'Connor Accountant 

 

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