Technical roundup 24 May

May 22, 2019

Developments of interest this week are set out below.   

Chartered Accountants Ireland 

  • Technical Release 01/2019Anti-Money Laundering and Terrorist Financing. This TR sets out guidance for accountants regarding the nature and extent of their responsibilities to prevent, recognise and report money laundering and terrorist financing, in the light of significant changes introduced by legislation implementing updated and extended EU requirements set out in the 4th Anti-Money Laundering Directive. 
  • Technical Release 02/2019 - GDPR Guidance for Insolvency Practitioners. This TR highlights features of the GDPR which are of particular importance for insolvency practitioners and relates to the duties and responsibilities for insolvency practitioners in their capacity as appointed insolvency office holders whether acting as liquidator, receiver or examiner and also includes a section of FAQ’s. 


  • IAASA has published the first AQU bulletin which sets out some matters relevant to the PIE audit firms. Also available is a guidance note on the PIE inspections process and a set of FAQs, again relating to the Audit Quality Unit’s inspection process.
  • IAASA has recently updated its Statement on Scope and Authority of Audit and Assurance Pronouncements, which provides details on the Auditing Framework for Ireland, as adopted by IAASA.
  • The new website for the Registry of Beneficial Ownership recently launched. Filing of beneficial ownership data with the RBO must be done through an on-line portal which will open on this new website on 22 June 2019. There are no paper forms or filing fees involved and the RBO office is not open to the public.
  • The CRO has issued its regular gazette.