Technical roundup 1 June

May 30, 2018

Developments of interest this week are outlined.

ROI

  • Chartered Accountants Ireland has published Technical Alert 03/2018 Guidance on International Standard on Quality Control (Ireland) 1. The purpose of this Technical Alert is to highlight changes made to ISQC (Ireland) 1, from ISQC (UK and Ireland) 1.
  • From 1st June 2018, the CRO will no longer accept cheques as a method of payment to top up a Customer Account. The use of cheques is being phased out, this began with the removal of this option when filing a B1 Annual Return.
  • The CRO have issued their regular gazette.

NI

  • In association with the Developing Governance Group, the Charity Commission for Northern Ireland took to the road this week with a series of free seminars focusing on good governance and charity regulation.
  • Over 350 charities that work overseas to provide services to children and/or vulnerable adults have been invited by the Charity Commission for Northern Ireland to an Essential safeguarding good practice seminar. The free, invitation-only seminar is aimed at ensuring charities working in sectors which involve those that are vulnerable are aware of their responsibilities as charity trustees, and the safeguarding standards expected of them.

UK

European

  • In January 2018, the High-Level Expert Group (HLEG) on Sus­tain­able Finance, es­tab­lished by the European Com­mis­sion (EC), published its final report setting out strategic rec­om­men­da­tions for a financial system that supports sus­tain­able in­vest­ments. The EC reacted to the rec­om­men­da­tions by pub­lish­ing an action plan on sus­tain­able finance in March and have now followed up by pub­lish­ing leg­isla­tive proposals that aim at iden­ti­fy­ing which in­vest­ments are sus­tain­able.