Accounting & Auditing for regulated entities

Summary

This course covers the accounting, auditing and reporting issues affecting Solicitors Law Society Reporting, Insurance Brokers, Charities, Auctioneers, and Owners Management Companies. It addresses the common risks and issues arising, qualifications of the relevant reports, and the expectations of the Regulators.

Venue details:  
Chartered Accountants House, , Dublin
Start date & time:  
13 March 2020 00:00
End date & time:  
31 January 2022 00:00
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
2.50
CPD hours:  
2.50
Speaker details
First nameLast name
Conal Kennedy
Jeremy Twomey
Mark Dunne
Seamus McGrath

Description

Product type:  
CPD online course
Category:  
Audit and assurance, Financial reporting

Recorded in late 2019

Who should attend

This course is suitable primarily for accountants in practice who act as auditor or reporting accountant for Solicitors, Insurance Brokers, Charities, Auctioneers, and Owners Management Companies. Trustees and directors of these entities may also derive benefit.

Course overview

  • Summary of accountant's responsibilities in the case of each of these regulated clients
  • Key risks associated with each assignment
  • Recent changes to legislation and regulation
  • Common errors in carrying out these assignments
  • Findings on Professional Standards reviews of these files
  • Financial accounting issues
  • Reporting to relevant regulators
  • Presentations from both Law Society and Property Services Regulatory Authority (PSRA) representatives on the key regulatory related issues

Key learning outcomes

By the end of this course, participants will be able to:

  • Understand the accountant's responsibilities
  • Be better equipped to prepare a compliant file
  • Avoid common mistakes
  • Prepare a personal compliance checklist for each type of regulated client
  • Develop an approach to tackling regulated clients generally

Speaker Bios

Conal Kennedy

Conal is Head of Practice Consulting in Chartered Accountants Ireland. He and his team provide advice and support to practices throughout Ireland, and publish a range of practice toolkits covering audit, accounting and compliance. Over a ten year period in Practice Consulting, Conal has coached and advised many practices through major change events such as mergers, acquisitions and retirements. He has also advised on practice development and marketing.

Seamus McGrath

Seamus is a Chartered Accountant, and Head of the Financial Regulation Section of the Regulation Department at the Law Society since 2016. In this role, Seamus manages a team of professionals engaged in the financial regulation of the solicitors' profession. Prior to taking up his present role at the Law Society, Seamus was Senior Investigating Accountant at the Society since 2005, having previously worked in the Complaints Section of the Institute of Chartered Accountants.

Mark Dunne

Over recent years, in his role as the Head of the Licensing Section at the Property Services Regulatory Authority (PSRA), Mark was involved in the assessment of Licence applications and reviewing Accountants Reports. As part of this role, Mark was also involved in updating Accountants Reports formats in consultation with the relevant accountancy bodies.

Jeremy Twomey

Jeremy in his role as Practice Consulting Manager works to support our member practitioners across our service areas, with a particular focus on compliance support, training and our associated advisory services. Jeremy is a Fellow of the Institute, having trained with Ernst & Young; he has held senior management positions across both financial and professional services, as well as the public sector.