Professional Standards FAQs

The Professional Standards Board (‘PSB’), under authority delegated to the PSB by the Institute Council, is responsible for oversight and supervision of how the Institute discharges its regulatory and disciplinary obligations which derive both from statute and the Institute’s own Bye-laws and Regulations.  The PSB therefore has responsibility for the oversight of the Professional Standards Department. You can find out more about the PSB here.

The Professional Standards Board issues an annual report each year. These annual reports are available to read here.

Chartered Accountants Ireland is responsible for the setting of standards of professional conduct with which members, member firms, students and affiliates must comply.

This includes rules governing systems for authorising members and member firms to carry on certain types of business and rules governing the supervision of members, member firms, students and affiliates though proactive monitoring and a robust complaints-handling and disciplinary system.

The Institute’s Bye-laws and Regulations, and related Guidance are available here.

More information in relation to audit registration is available here. 

More information in relation to the requirements for engaging in public practice are available here

The Institute has a dedicated Hub on its website for Continuing Professional Development (CPD) for Responsible Individuals (RIs) in Ireland. The information here will provide an RI with the tools required to navigate their CPD compliance obligations effective from 1 January 2022 in Ireland. The Hub is accessible through the Professional Standards section of the Institute website at the link here.

Information in relation to AML supervision is available here.

The Audit Qualification (AQ) is awarded, on application, to Institute members who have met the eligibility criteria, including demonstrating that they have attained requisite knowledge and supervised experience in audit, through examination and work experience/practical training gained within an Institute Recognised Training Firm.  The AQ is a requirement under legislation, should members ultimately wish to apply for and secure auditing rights as a Statutory Auditor (Responsible Individual (RI)) or be counted amongst the audit qualified majority of owners necessary for a statutory audit firm. You can find out about the AQ and how to apply for it here.