Any queries on your annual return should be directed to:
E: professionalstandards@charteredaccountants.ie
Firm's Annual Return
The Quality Review process includes a requirement for member firms to submit an Annual Return. The Firm’s Annual Return (FAR) is risked to assess the firm's compliance with the regulations. This is done by way of a 'Desk Top Review' which could lead to further follow up correspondence or in certain circumstances, a Monitoring visit.
The FAR is issued to firms with an 'as at date' set to correspond with the month in which their professional Indemnity insurance (PII) expires and should be returned to Chartered Accountants Ireland within two months. The due date is shown on the top of Page 3 of the Return. This will ensure that Professional Standards has the most up to date information possible regarding the firm's PII.
Individual Annual Return
Prior to 1 July 2024, the completion of the Individual Annual Returns by members was required to evidence compliance with the CPD regulations. Amendments at that time, to the Institute’s CPD Regulations have facilitated simplification of how members confirm compliance with CPD requirements and the Institute’s Code of Ethics.
From 2024, by paying the annual membership subscription, or permitting this to be paid on their behalf, or otherwise renewing their membership, members are acknowledging CPD and Code of Ethics compliance.
As a consequence, members generally no longer have to submit an annual declaration (the Individual Annual Return) in respect of these matters.
Practising Certificate holders and Responsible Individuals
Members holding Practising Certificates, and who are Responsible Individuals (statutory auditors) are required to submit an individual annual return to the Institute. That individual annual return includes confirmation of compliance with CPD obligations.
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