Format
This session will be delivered via Zoom
on Thursday, 4 September 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 accountants and
auditors with Irish Charity clients, as well as for
accountants working directly
in
this sector and Charity Trustees.
Course overview
We will cover the following during this webinar:
- The current key Accounting and Auditing issues in the Charities sector in
the Republic of Ireland;
- Current Charity Annual Reporting requirements and future changes coming
from 2024 Irish legislation in this area;
- The evolution and current requirements of the Charities SORP (FRS 102),
what is likely to change with the review of the Charities SORP that is nearing
completion, as well as how it now should be implemented by Irish charities who
will be adopting it for annual reporting for the first time due to recent
legislatory changes;
- 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;
- Typical areas for improvement in the audit of Irish Charities, as
identified by both the Institute Professional Standards and Practice
Consulting teams;
- Thomas Mulholland, Head of Compliance and Enforcement at the Charities
Regulator will join us to provide an overview of the work of the Regulator,
how best to report issues of concern to the Regulator, as well as likely
upcoming regulatory changes in this area;
- Conor Woods of Woods & Partners will discuss the practical
implications of implementing the Charities SORP and working with clients in
this sector; and
- From audit planning, to your fieldwork and the completion of the audit,
learn how the Institute Charities PQA can help you ensure that your work in
this area meets the highest standards.
Key Learning Outcomes
By the end of this course, participants will be able to:
- Have an improved awareness of the Legislative and Auditing issues in the
Charities sector in the Republic of Ireland;
- Better undertake the audit of charities and address the unique risks faced
by this sector; and
- Understand the recent changes in Irish charity legislation and regulation,
particularly with regard to annual reporting and the use of the updated
Charities SORP.
Speaker Bios
Conal Kennedy FCA - 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 an 18 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 FCA - 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.
Conor Woods FCA - Conor is Founding Partner of Woods and
Partners Chartered Accountants and Registered Auditors. With a team of 4
Partners and over 45 staff in offices in Meath, Cavan and Dublin, the firm
specialises in Audit, Tax and Advisory, and has a niche specialism in the
provision of Accounting and Auditing Services to the Charity Sector.
Conor
was appointed the inaugural Chairman of the Charities Regulatory Authority in
2014, a position he held for 2 years. Conor works with many charities, as
auditor, advisor, reporting accountant, and special investigator. Conor has held
the position of Chairperson of Chartered Accountants Ireland Charity & NFP
Group, and has also served as a member of Chartered Accountants Ireland Strategy
Board from 2015 to 2020.
Note for Legacy CPA Members
Members who joined Chartered Accountants Ireland following the amalgamation on 1 September, please continue to book on the CPA Portal here
to ensure you receive your member discount.
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
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