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 Regulatory Policy Board develops Institute policy with regard to regulatory matters and approves Institute Regulations governing regulation & discipline. The Chartered Accountants Regulatory Board (CARB), oversees and supervises how the Institute fulfils its regulatory and disciplinary remit.

Latest news

Professional Standards

The CCAB has published a supplementary AML Guidance for Tax Practitioners. This Guidance was approved by HM Treasury on 14 June 2019. This supplementary guidance is not standalone but should be read in conjunction with the CCAB AML Guidance for the Accountancy Sector. Who does this guidance apply to? The Money Laundering Regulations 2017 apply to a ‘tax adviser’ and defines a tax adviser as: ‘a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services’.The meaning of ‘advice’ is widely interpreted – for example tax compliance services, i.e. assisting in the completion and submission of tax returns, are included within the term. Tax practitioners are within the scope of the Money Laundering Regulations 2017 whilst they are providing tax services by way of business. They should exercise judgement in deciding whether the provision of tax services is by way of business. If a tax practitioner decides that a service is not by way of business, they should be prepared to explain the reasons for this opinion. CCAB AML Guidance for the Accountancy Sector CCAB Supplementary AML Guidance for Tax Practitioners

Jul 17, 2019
Professional Standards

The Joint Insolvency Committee (JIC) has approved a revised version of Statement of Insolvency Practice SIP 6 which was introduced in April 2017 to coincide with the Insolvency (England and Wales) Rules 2016 and updated effective 1 January 2018. The revised version has been amended only to remove reference to England and Wales in order that the SIP will also apply to corporate insolvency procedures for Scottish registered companies following the introduction of the Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 and the Insolvency (Scotland) (Receivership and Winding Up) Rules 2018 (the 2018 Rules). The revised SIP 6 will replace the current version of SIP 6, effective 6 April 2019. Please note that the SIP does not apply in Northern Ireland and also does not apply to Scottish registered LLPs or special insolvency regimes. SIPs 8, 10 and 12 As a consequence of the introduction of the 2018 Rules, SIP 8 (Conduct of meetings of creditors held pursuant to s98 Insolvency Act 1986), SIP 10 (Proxy forms) and SIP 12 (Records of meetings) will be withdrawn from 6 April 2019 in respect of Scottish corporate insolvency procedures. SIPs 8, 10 and 12 will remain in force in respect of Scottish LLPs and special insolvency regimes which are not covered by the introduction of 2018 Rules and remain under the Insolvency (Scotland) Rules 1986 and other secondary legislation. Effective Date:  6 April 2019.

Mar 29, 2019
Professional Standards

All regulatory fees for 2019 are due by 15 March 2019. If you have or are having any difficulty accessing the invoice(s), please contact Sandra Smiley in Professional Standards.

Mar 08, 2019