Format
This 3.5 hour session will be delivered via Zoom on Thursday 5 September 2024 from 9.30am to 1pm. The Zoom link will be emailed to participants the day before the course is due to take place.
Who should attend
This course is suitable for accountants, and other business professionals,
both from small and mid-sized practices and in business, from across the island
of Ireland.
Course overview
- The latest key Financial Reporting related issues for entities using
either FRS 102 or 105 will be discussed including.
The main proposed updates to FRS 102 and 105
(these relate to Lease and Revenue Accounting) coming from the FRC Periodic
Review of UK & Irish GAAP completed earlier this year.
- UK Companies House Reforms, coming
from the Economic Crime and Corporate Transparency Act
2023, and the resulting major impacts ahead for SME Financial
Reporting.
- Recently announced changes to the
Company Size criteria for both the UK & Ireland, and their impacts on your
clients and practice.
- Sustainability Reporting, how it is
likely to impact your clients and what you need to do to prepare.
- Typical areas for
improvement with relation to Financial Statements
Disclosures and Presentation, as highlighted by Professional Standards, the
Practice Consulting Team, and Regulators, such as IAASA and the FRC. Some
areas where disclosure improvements are commonly identified that will be
covered relate to Going Concern issues, Judgements & Key Sources of
Estimation Uncertainty in preparing financial statements and the Accounting
Policies employed.
This session will look to address common scenarios
impacting SMEs across the UK & Ireland, including giving example template
financial statement disclosure notes.
Key Learning Outcomes
Appreciate the key Financial Reporting issues for your SME clients at this
time and how to address these.
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 17 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.
Contact us
If you have any questions regarding this or any other CPD course or requirements, please feel free to contact the team here or call us at
(+353) 01 523 3930