Technical Hub

The Institute’s Insolvency Committee has recently published Technical Alert 01 2026 Control of Cases for Insolvency Practitioners.  This guidance paper notes that insolvency appointments are taken in a personal capacity by Insolvency Practitioners. It discusses decision making, managing risk, delegation and control of appointments.

From the Professional Accountancy team…... Members may be interested in some opportunities for engagement with the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA). The first is  two public hearings that AMLA  will hold on Tuesday, 24 March 2026. The sessions will focus on two of the regulatory technical standards (RTSs), which are currently open to public consultation and which AMLA is drafting as part of its mandate to implement the Single European Rulebook for AML under the 6th AML Directive (AMLD 6), the Anti-Money Laundering Regulation (AMLR), and the Regulation establishing the AMLA.   The hearing regarding the draft RTS on Customer Due Diligence will be held on Tuesday, 24 March 2026 | 12:30–14:30 (Dublin ). Click for further details and registration. The other session regarding the draft RTS on Criteria for Identifying Business Relationships, Occasional and Linked Transactions and lower thresholds will be held earlier on Tuesday, 24 March 2026 | 09:00–11:00 (Dublin). Click for further details and registration. Click to read more about the Consultation on the draft RTS on Customer Due Diligence Click to read more about the Consultation on the Draft RTS on Criteria for Identifying Business Relationships, Occasional and Linked Transactions and lower thresholds The consultations will close on 8 May 2026. The content of the draft RTSs will be part of the AML regulatory regime upon the coming into force of the majority of the Single European Rulebook in July 2027. Members are encouraged to take the opportunity to familiarise themselves with the content of the draft RTSs and to engage with the hearings and consultations. The Institute will engage in some further outreach to seek members’ views before the conclusion of the public consultations in May. This information is provided as resources and information only and nothing in these pages purports to provide professional advice or definitive legal interpretation(s) or opinion(s) on the applicable legislation or legal or other matters referred to in the pages. If the reader is in doubt on any matter in this complex area further legal or other advice must be obtained. While every reasonable care has been taken by the Institute in the preparation of these pages, we do not guarantee the accuracy or veracity of any resource, guidance, information or opinion, or the appropriateness, suitability or applicability of any practice or procedure contained therein. The Institute is not responsible for any errors or omissions or for the results obtained from the use of the resources or information contained in these pages.  

Chartered Accountants Ireland is issuing 'Guidance for audit evidence and documentation' to members in practice carrying out audits (in Ireland, Northern Ireland, and the UK) for this busy season. This guidance is based on common issues arising on audit monitoring visits and will support members with understanding requirements when it comes to gathering sufficient appropriate (relevant and reliable) evidence to support financial statement balances, transactions, and disclosures that are assessed as material during the audit. This is to ensure compliance with International Standards on Auditing (ISA) 230 Audit Documentation and ISA 500 Audit Evidence. This guidance is not designed to cover all audit documentation and audit evidence areas given it’s based on common themes arising during audit monitoring visits. The focus of the guidance is on the ISAs and does not include requirements regarding Irish and UK law. Members should note that this guidance is not mandatory and should not be a substitute for reading the ISAs. The guidance covers areas including: International Standard on Quality Management (ISQM) 1 Risk assessments at the engagement level Evidence and documentation regarding accounting estimates and going concern Auditing contract management activities Group audit documentation Considerations for regulated audit clients Fraud considerations Financial reporting areas to consider during audits Interpretation of small companies' exemption rules For further details, members should refer to the attached 'Guidance for audit evidence and documentation'.    This information is provided as resources and information only and nothing in these pages purports to provide professional advice or definitive legal interpretation(s) or opinion(s) on the applicable legislation or legal or other matters referred to in the pages. If the reader is in doubt on any matter in this complex area further legal or other advice must be obtained. While every reasonable care has been taken by the Institute in the preparation of these pages, we do not guarantee the accuracy or veracity of any resource, guidance, information or opinion, or the appropriateness, suitability or applicability of any practice or procedure contained therein. The Institute is not responsible for any errors or omissions or for the results obtained from the use of the resources or information contained in these pages.