Format
This 3.5 hour session will be delivered via Zoom on Thursday 12 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 a
must attend for all auditors and
accountants of practices with clients in the Charities sector, as well as for
accountants working directly in this sector and Charity Trustees in Northern
Ireland.Course overview
Topics to be covered during this course will include:
- The current key Accounting and Auditing issues in the
Charities sector in Northern Ireland;
- The evolution and current requirements of the
Charities SORP (FRS 102), including examples from Charity financial statements
of best practice in financial reporting in this sector;
- The best practice for the audit of Charities; with a
particular focus on the increased fraud risks and other challenges/risks
facing the sector over recent years;
- Current Charity Annual Reporting requirements, as
well as an overview of the work of the Charity Commission for Northern Ireland
by Rossa Keown, Head of the Compliance & Enquiries at the
Commission, as well as a summary of your Reporting Responsibilities;
- Typical areas for improvement in the audit of
Northern Irish Charities, as identified by both the Institute Professional
Standards and Practice Consulting teams; and
- From audit planning, to your fieldwork and the completion of the audit,
learn how the recently updated Institute Charities PQA can help you ensure
that your work in this area meets the highest standards.
Don’t forget that interaction with the speakers is encouraged during this
webinar, allowing you to ask the questions that matter to you.
Key Learning Outcomes
By the end of this course, participants will be able to:
- Have an improved awareness of the Legislative,
Accounting and Auditing issues in the Charities sector in Northern Ireland;
- Be better equipped to prepare Charities SORP
compliant financial statements;
- Better undertake the audit of charities and address
the unique risks faced by this sector; and
- Understand the recent/likely upcoming changes in the regulation of
charities
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 16 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