Going into Practice (ROI/NI)

Format

This full day course will be delivered via Zoom on Friday 29 September 2023 from 9.30am to 5.30pm. The Zoom link will be emailed to participants the day before the course is due to take place.

Who should attend

Any member going into practice is obliged to attend this course in the year before or after obtaining their practising certificate. The course is primarily focused on the needs of members starting their own practices or being admitted as partners in small and mediums sized practices, in Northern Ireland and the Republic of Ireland.

Course overview

This interactive course will encompass a full day's worth of learning. Interaction with the speakers is encouraged, allowing you to ask the questions that matter to you. Some of the key topics that we will cover over the day include:

• The Basics of Going into Practice, including the pitfalls to avoid when starting out on your practice journey;
• The fundamentals of Practice Regulation that you need to know;
• Leading practitioner Eamonn Leahy of Leahy O'Riordan Chartered Accountants sharing his/her story of what it takes to succeed in practice;
• An overview of the Professional Indemnity Insurance (PII) market from Martin Flanagan of Arachas ; and
• An overview of Practice Management and Development.

Key learning outcomes

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

• Understand the basics of practice compliance, including when you need a Practising Certificate
• Appreciate what should be included in a Practice Business Plan
• Know what causes most practice insurance claims and how to avoid them
• Develop an understanding of what makes a successful practice and what pitfalls to avoid
• Understand the key business drivers of practice and how to begin to market your practice.

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 14 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.

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.