Compliance support

Our team supports members in practice to ensure they can deal competently and efficiently with their regulatory and related responsibilities. All dealings with members are on a confidential basis.

This is a chargeable service. We will discuss each assignment with you prior to commencement and we will ensure that the costs are appropriate to the value received by you.

Audit compliance and investment business review

Our experienced Chartered Accountants will undertake an independent assessment of members' audit and investment procedures and will issue recommendations on any suggested improvements. They can also assist members with the implementation of improvements and new procedures in their firms.

Compliance health checks

Half day review of key compliance issues affecting your firm, including a report.

Cold file review

On site or desk based cold file review of audit files.

In-house training

Our team can provide tailored training, coaching and advice in the areas of audit, accounting, ethics and investment business, in your offices, at a time that is convenient to you.

Insolvency compliance service

Practice Consulting has launched an insolvency compliance service. The practice of insolvency is evolving rapidly and the compliance environment has become more formalised. As part of the Institute’s integrated suite of supports, our team can advise you on general compliance and can carry out your annual insolvency compliance review.

FRS 102 support

FRS 102 tailored audit compliance reviews

At your request, Practice Consulting will carry out an independent audit compliance review for your firm. In addition to drawing your attention to any compliance matters on your audit files and financial statements we will issue you with recommendations to achieve better compliance, greater efficiency and in order to assist you in preparing for or adjusting to FRS 102 we also will provide you with advice on how a number of any accounting issues identified would be treated under FRS 102.

FRS 102 in-firm course and workshop

We can deliver a half day or full day in-firm course and workshop to partners and professional staff in practices in the Republic of Ireland or Northern Ireland. The workshop focuses on how FRS102 will impact on your specific client portfolio.

General support for practice firms in implementing FRS 102

Our experienced team of chartered accountants in Practice Consulting are happy to discuss with you ways in which your practice can implement FRS 102. This can be in the form of a general chat or discussion. It is important to note that this is not a technical enquiry service (you can submit your technical queries to the technical enquiry service when you login). What the practice consulting team are happy to discuss at a general level is how a practice of your particular size can best prepare for FRS 102, options available for your client base, some issues to be aware of and if necessary direct you to further resources that you may find helpful. While we will not, as part of this free service, answer specific technical queries or tell you what any one specific client of yours needs to do for their particular scenario we are happy to provide you with a steer on where you need to look to consider the matter further. We are offering you free access to our knowledge and expertise in order to support you in dealing with this change.

Have a query?

If you have a query, please refer to our Support & Services page and contact the relevant department with your query.

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