Technical Alert 05/2016 'Update on prescribed enactments for the purposes of section 27B of the Central Bank Act 1997'

Jan 12, 2017

Chartered Accountants Ireland has issued Technical Alert 05/2016 “Update on prescribed enactments for the purposes of section 27B of the Central Bank Act 1997” to alert auditors to the notification by the Central Bank of Ireland (“the Central Bank”) in recent months of additional prescribed enactments in relation to which the auditor has duties to report to the Central Bank pursuant to section 27B of the Central Bank Act 1997 (“CBA 1997”). 

Auditors of relevant entities regulated by the Central Bank are required by section 27B of the CBA 1997 to make an annual confirmation to the Central Bank whether or not circumstances have arisen that require the auditor to report to the Central Bank under a prescribed enactment, and where applicable, to specify those circumstances.   Prescribed enactments for the purposes of section 27B of the CBA 1997 are set out in section 27B(4) of that Act and also, in accordance with section 27B(5) of the CBA 1997, by declaration of the Central Bank as notified in Iris Oifigiuil.  The purpose of this Technical Alert is to draw auditors’ attention to the most recent notice in this regard which was made on 30th September 2016.

Download Technical Alert 05/2016 “Update on prescribed enactments for the purposes of section 27B of the Central Bank Act 1997”  here.