Preparing ROI Financial Statements – NI and UK Guide Recording

Summary

This is a recording of a live webinar

This course focuses on enabling the preparers familiar with UK financial statements to produce financial statements for ROI companies. The session will provide an overview of the key regulators and state bodies, before providing detailed guidance regarding the Companies Act 2014, the financial reporting and auditing frameworks, utilising extracts from financial statements. The session will also examine the differences between the two jurisdictions

Venue details:  
Online EU, Online,
Start date & time:  
01 January 2020 00:00
End date & time:  
01 January 2021 00:00
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
3.00 Training Tickets accepted
CPD hours:  
3.00
Speaker details
First nameLast name
Multi Speaker

Description

Product type:  
CPD online course
Category:  
Financial reporting, Practice and business improvement

Who should attend?

This course is suitable for accountants, and other finance professionals, who usually prepare UK financial statements and are reasonably familiar with UK Company Law, FRS 102 and FRS 105. In addition, they need to also need to prepare financial statements for a Republic of Ireland registered company under the Companies Act 2014 and FRS 102 or FRS 105

Course Overview

  • IAASA, the ODCE and the Companies Registration Office (CRO)
  • The Companies Act 2014
  • Formats, notes and schedules
  • Directors Transactions and Balances
  • The Small Companies Regime
  • Abridged Financial Statements
  • Companies Limited by Guarantee
  • Filing rules
  • Audit exemption - ROI rules
  • Loss of audit exemption for late filers
  • Micro Entities: Schedule 3B and FRS 105
  • Format of the Auditor' Report
  • Reporting to the Office of the Director of Corporate Enforcement (ODCE) by Auditors
  • Reporting to Irish Auditing and Accounting Supervisory Authority (IAASA) by Auditors

    Whilst issues arising from the COVID-19 Crisis will be mentioned, this it is not central to the course

Key Learning Outcomes

By the end of this course, participants will be able to:
  • Have an overview of the Companies Act 2014, as it relates to the preparation of financial statements under FRS 102 and FRS 105
  • Appreciate the key differences between UK and Irish GAAP for small and medium sized companies
  • Be better equipped regarding the details of formats, notes and disclosures
  • Have an understanding of the ISAs (Ireland)
  • Understand the current position of UK auditors in the Republic of Ireland
  • Appreciate what preparers of accounts need to know in relation to the Audit Exemption
  • Understand the format of Auditors Report in the Republic of Ireland as compared to the UK
  • Understand when auditors must report to the ODCE and IAASA

Speaker Bio's

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 the last 12 years 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