Welcome to the latest edition of Technical Roundup. In developments since the last edition, the European Commission has released its eagerly anticipated ‘Omnibus’ proposal. Meanwhile, the International Accounting Standards Board (IASB) has published amendments to its 'IFRS for SMEs' standard. Read more on these and other developments that may be of interest to members below. Financial Reporting The Financial Reporting Council (FRC) has issued updated “Guidance on the Going Concern Basis of Accounting and Related Reporting”. The guidance brings together various company law requirements, listing rules, codes and standards and serves as a practical guide to assist companies prepare high-quality going concern disclosures. The International Accounting Standards Board (IASB) has issued its February 2025 update and podcast. The IASB has issued a major update to the IFRS for SMEs Accounting Standard. The standard is either required or permitted in 85 jurisdictions. Included in the updated standard (amongst other things) is a revised model for revenue recognition. The update is effective for annual periods beginning on or after 1 January 2027. The UK Endorsement board is seeking comments and views in relation to the IFRS Foundation’s Proposed Amendments to the Due Process Handbook. Comments are welcomed by 11 March 2025. EFRAG (the European Financial Reporting Advisory Group) is also seeking comments to contribute towards its response to the same project, with comments welcomed by 24 March 2025. EFRAG has published a summary report on its recent event “Financial Reporting: What’s Ahead for 2025”. EFRAG has published its Feedback Statement on the IASB's Exposure Draft on Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures. It has also issued a Feedback Statement on the IASB ED Climate-related and Other Uncertainties in the Financial Statements - Proposed illustrative examples. EFRAG are still accepting comments on its Draft Endorsement Advice for IFRS 18 - Presentation and Disclosure in Financial Statements. Accountancy Europe and IFAC, in a joint statement, have outlined ways in which they will work together to support their members and strengthen the profession. Sustainability Omnibus proposals In its release of the eagerly awaited “Omnibus” proposals on 26 February, the European Commission (EC) has proposed some significant changes to its Sustainability Reporting Regulatory framework. These proposals, if approved, will simplify the sustainability reporting rules that many Irish companies have been preparing for in recent years. The proposals will also remove many companies from a mandatory sustainability reporting regime. The proposals will now enter trialogue negotiations between the European Parliament and the European Council where amendments may be made prior to its introduction. Chartered Accountants Ireland will continue to engage with the relevant bodies, and we will update members on any significant developments. To read more about the proposals, see our recent news item. The Omnibus proposals have attracted a lot of attention since they have been published. Readers may be interested in reading the following. Accountancy Europe’s March 2025 Sustainability Update addresses some of the key changes proposed. The Global Reporting Initiative (GRI) has labelled the decision “a backward step for EU sustainability” and has questioned how this will achieve a climate-neutral EU which is one of the key goals set out in the European Green Deal. The European Funds and Asset Management Association have published this infographic outlining some of the proposals expected from the European Commission in 2025. An IFRS Sustainability Stakeholder event took place on 25 February – Disclosure about transition plans.  The recordings of the various sessions are available to view online. The International Sustainability Standards Board (ISSB) has published the recording of its seventh 'Perspectives on sustainability disclosure' webinar Using the GHG Protocol for climate-related disclosures. Episode 8 ‘The future of integrated reporting and integrated thinking’ will be held on March 20th. The ISSB has issued its February 2025 update and podcast. The GRI has published a series of five case studies of companies reflecting on their journey towards compliance with GRI 101: Biodiversity 2024. Accountancy Europe recently held an online discussion with SMEs and discussed some of their sustainability reporting issues. Legislation 2025 Readers are reminded that new UK company size thresholds for micro, small and medium companies will come into force from 6 April 2025. The Professional Accountancy team has added a new UK company thresholds page to the Technical Hub where you can read more about the changes and access a chart showing the pre and post 6 April 2025 thresholds . Other news The Competition and Consumer Protection Commission (CCPC) has published its Annual Mergers and Acquisitions Report 2024, providing details of the mergers and acquisitions notified to, and reviewed by the CCPC, throughout the year. The professional services sector (including legal, accountancy, consultancy, engineering, and veterinary) was the most prominent sector, with 13 merger notifications received. In February 2025 the Central Bank of Ireland (CBI ) published its 2025 Regulatory & Supervisory Outlook report. CBI states that the report sets out the Central Bank’s perspective on the key trends and risks that are shaping the financial sector operating landscape, and its consequent regulatory and supervisory priorities for the next two years. Artificial Intelligence is spotlighted again this year with the Central Bank expecting to be designated as a “Market Surveillance Authority” by the Government as part of a multi-lateral system of AI supervision in Ireland and the EU. Another spotlight is Geopolitical Risks: and the report outlines a Framework for Navigating Heightened Uncertainty. Other topics which may be of interest include the piece on credit unions including Credit Union Sector Key Risks Overview. The Global Reporting Initiative (GRI) has launched a consultation on a revised version of ‘GRI 404: Training and Education 2016' and a new standard titled ‘Working Parents and Caregivers’. The consultation is open until 29 April 2025. Enterprise Ireland recently launched its new five-year strategy, Delivering for Ireland, Leading Globally (2025-2029) which sets out targets to increase jobs and to increase exports, focussing on strengthening skills and talent, funding ambition and embracing sustainability. In episode 12 of its podcast series “The Fast Future”, IFAC look at ways in which SMEs can embrace technology. The Charities Commission for Northern Ireland has released a short video outlining what it means to be a charity trustee. Charities representative body, the Wheel, is encouraging its members to support an initiative being undertaken by the Government’s Anti-Money Laundering Steering Committee, which is aimed at helping to assess the AML risk to the non-profit sector.  Artificial Intelligence (AI) - updates The Irish AI Advisory Council was established in January 2024 to provide independent expert advice to government on artificial intelligence policy. In February 2025 it released its latest report  “Ireland’s AI Advisory Council Recommendations --Helping to Shape Ireland’s AI Future”. One of the areas the report covers is AI Literacy and education. AI literacy is something which readers may be aware Article 4 of the AI Act requires providers and deployers of AI systems to ensure a sufficient level of. The report also calls for government guidelines for use of generative AI and a system to access AI tools. For further technical information and updates please visit the Technical Hub on the Institute website.    This information is provided as resources and information only and nothing in the information purports to provide professional advice or definitive legal interpretation(s) or opinion(s) on the applicable legislation or legal or other matters referred to in the information. If the reader is in doubt on any matter in this complex area further legal or other advice must be obtained. While every reasonable care has been taken by the Institute in the preparation of the information we do not guarantee the accuracy or veracity of any resource, guidance, information or opinion, or the appropriateness, suitability or applicability of any practice or procedure contained therein. The Institute is not responsible for any errors or omissions or for the results obtained from the use of the resources or information contained herein.  

In its release of the eagerly awaited “Omnibus” proposals on 26 February, the European Commission (EC) has proposed some significant changes to its Sustainability Reporting Regulatory framework. In recent years, many Irish and European companies have been getting to grips with EU Sustainability Directives and Regulations, including the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD) and the EU Taxonomy Regulation. These have introduced (or are due to introduce) compliance and reporting requirements for companies falling within their scope. The proposed Omnibus legislation aims to simplify the administrative burden created by the CSRD, the CSDDD and the EU Taxonomy. In releasing the proposals, the EC noted that they will enable businesses “to grow and create quality jobs, attract investments and get the necessary funds for their transition towards a more sustainable economy and help the EU meet the Green Deal's ambitious objectives”. The Omnibus package includes; A proposal for a Directive amending the CSRD and the CSDDD. A proposal which postpones the application of all reporting requirements in the CSRD for companies that are due to report in 2026 and 2027 (so-called wave 2 and 3 companies) and which postpones the transposition deadline and the first wave of application of the CSDDD by one year to 2028. A draft Delegated act amending the Taxonomy Disclosures and the Taxonomy Climate and Environmental Delegated Acts (subject to public consultation). A proposal for a Regulation amending the Carbon Border Adjustment Mechanism Regulation. A proposal for a Regulation amending the InvestEu Regulation. CSRD While the proposed Omnibus legislation includes changes to several key pieces of EU legislation, arguably the most impacted area will be the CSRD. Some of the key changes proposed to this Directive include; An increase in the thresholds limits which result in a large company being “in-scope”. This is expected to reduce the number of companies in-scope by approximately 80%. Under the proposed Omnibus legislation, the CSRD reporting requirements will only apply to large undertakings with more than 1,000 employees- ie. an undertaking with; 1,000 employees and either Turnover greater than €50m, or Balance sheet total greater than €25m Listed SMEs will no longer be required to mandatorily report under the CSRD. The introduction of a “Value chain cap”. Companies who are not in-scope of the CSRD will be able to use a voluntary standard (based on the VSME standard developed by EFRAG). This standard will serve to limit the information that CSRD reporters can request from non-CSRD reporters in their value chain. Companies who do not fall in-scope as a result of the revised thresholds may still voluntarily adopt the above-mentioned standard. A commitment to simplify the European Sustainability Reporting Standards (ESRS), including, a reduction in the number of datapoints, clarification of provisions which were deemed unclear and an improvement in consistency with other pieces of legislation. A reversal of the plan for sector-specific standards to be developed and adopted by the European Commission. A change in proposed assurance requirements for Sustainability Reports prepared under the CSRD, with the plan to move to reasonable assurance at some point in the future removed. A postponement of reporting requirements for “wave 2” and “wave 3” companies by 2 years. These waves will now enter into scope for financial years commencing on or after 1 January 2027 and 1 January 2028 respectively. CSDDD In relation to the CSDDD some of the key changes include proposals to; Extend the transposition deadline by one year, to 26 July 2028, and advance the adoption of the guidelines by one year (to July 2026), thereby giving companies more time to prepare. Simplify sustainability due diligence requirements, examples of this include focusing systematic due diligence requirements on direct business partners and reducing the frequency of periodic assessments and monitoring of their partners from annual to five years. Limit the amount of information requested by large companies from their value chain, thereby reducing the burden on SMEs and small mid-caps (250 – 499 employees and either turnover < €100M or Balance Sheet < €86M). Improve the harmonisation of due diligence requirements to ensure a level playing field across the EU. Remove the harmonised EU civil liability conditions and instead, defer to the various national civil liability regimes. Align the requirements on the adoption of transition plans for climate mitigation with the CSRD. The expected benefits of the proposed modifications, as outlined by the European Commission, is a reduced due diligence framework that is less complex and more harmonised, ensuring burden reduction and having a level playing field.    EU Taxonomy The proposed Omnibus legislation also amends the requirements of the EU Taxonomy Regulation and includes an increase in the reporting thresholds for mandatory reporting. Under the proposals, EU Taxonomy reporting would only be mandatory for a smaller number of companies, specifically large companies with;

More than 1,000 employees, and A net turnover of more than €450 million Companies within the scope of CSRD reporting, but who don’t have a net turnover figure of €450 million would be encouraged to voluntarily report. Additionally, companies may choose to voluntarily report on their partial Taxonomy alignment where they only meet certain Taxonomy criteria. The EC will consult on changes to the Taxonomy Disclosures Delegated Act and the Taxonomy Climate and Environmental Delegated Acts, with a view to simplifying these Acts. The Commission will also hold a public consultation asking for feedback on two alternative options to simplifying the “Do No Significant Harm” criteria. Benefits The European Commission have noted that there are several benefits which are expected to arise from the Omnibus Proposals, including; A streamlining of, and better alignment of, the CSRD and CSDDD requirements. Estimated total savings in administrative costs of approximately €6.3bn. Estimated to mobilise additional public and private investment capacity of €50bn to support policy priorities. Protection for SMEs from excessive sustainability information requests when they are in the value chain of companies reporting under the CSRD. An option for companies who are not in the scope of the CSRD to voluntarily report on their sustainability activities. Next steps These proposals will now enter trialogue negotiations between the European Parliament and the European Council where amendments may be made prior to its introduction. The extension of two years has been proposed for wave 2 and wave 3 by the Council to facilitate this transition preventing a situation where companies begin reporting under CSRD only to be potentially excluded shortly afterward. There is an urgent requirement to give clarity to companies and therefore finalise the CSRD and CSDDD adjustments as a matter of priority. It is expected that discussions on the broader Omnibus Package could extend over several months. Chartered Accountants Ireland is reviewing the omnibus simplification package with stakeholders to assess how we best continue to support businesses whatever size and whatever stage of the process they are at, to meet the standards, and how we train the accountants of the future to meet ESG-related legal requirements.   For further information in relation to this please see the European Commission's Q&A page.

Welcome to the latest edition of Technical Roundup. In developments since the last edition, the Government has issued its Spring Legislative Programme 2025 the first since the new Government took office.  Chartered Accountants Ireland and ACCA as CCAB-I has prepared Technical Alert TA01-2025 containing some pointers for firms to consider in their use of artificial intelligence (AI). Read more on these and other developments that may be of interest to members below. Financial Reporting EFRAG, the European Financial Reporting Advisory Group, is seeking views from financial statement users on particular aspects of the International Accounting Standards Board’s (IASB) Exposure Draft Provisions Targeted improvements. EFRAG is also seeking views in relation to when a levy provision should be recognised. EFRAG has prepared a summary report from its conference held on 10 December. The theme of this conference was “Advancing Transparency and Competitiveness in Challenging Times”. EFRAG has published its January 2025 update and podcast. The International Accounting Standards Board (IASB) has announced that it expects to issue the third edition of the IFRS for SMEs Accounting Standard on 27 February. The UK Endorsement Board has announced that it has adopted Annual Improvements to IFRS Accounting Standards – Volume 11, which was issued by the IASB in July 2024 The European Securities and Markets Authority (ESMA) has published the January/February 2025 edition of its “Spotlight on Markets” Newsletter. Auditing The International Auditing and Assurance Standards Board (IAASB) have issued the Post-Exposure Consultation: Invitation to Comment Before the IAASB Finalizes the Narrow Scope Amendments to the ISQMs and ISAs as a Result of the Revisions to the Definitions of Listed Entity and Public Interest Entity in the IESBA Code. Accountancy Europe has released its February 2025 Audit Policy Update. Insolvency Readers may find of interest the recent Court of Appeal case in the matter of Joe Miley and Partners (Dublin) Limited (in liquidation) and in the matter of sections 25 and 26 of the Trustee Act 1893.In this case a property was in the name of a partnership as the registered owner. The case was made by the liquidator of Joe Miley and Partners (Dublin) Limited (the Company) that a transfer of the property to the Company had occurred prior to the liquidation and the liquidator claimed the property as a Company asset. The Court of Appeal upheld the claim. The court held that section 26 of the Trustee Act 1893 could be used to vest the property in the Company which is clearly entitled to it. The court was satisfied that the criteria within section 26 is appropriate, and it is the best option available to give effect to the clear agreement between the partnership and the Company, whilst also ensuring the liquidator has this issue fully resolved. The court held that while section 596 of the Companies Act 2014 confers an entitlement upon the liquidator to take company records and provides that any person holding company property without lawful entitlement shall surrender it immediately to the liquidator, this may be of assistance to the liquidator, but the property remains in the name of its registered owner. The judge agreed that reliefs pursuant to the 2014 Act would not have entirely met the difficulties encountered by the liquidator in this case. Instead, the provisions of section 26 of the Trustee Act must be utilised to vest lands in persons shown to be beneficially entitled to them. Anti–money laundering and sanctions The National Crime Agency in the UK has recently issued its first SARs in Action magazine of 2025. It includes an interesting article on an Amber Alert issued by the Joint Money Laundering Intelligence Taskforce in the UK in October 2024. The alert which is not publicly available covers the use of Artificial Intelligence to bypass customer due diligence checks. The magazine also includes an article on the destabilizing of a Russian speaking money laundering network, case studies on SARs and a reply to a reader’s question on NCA response or feedback from the NCA on a submitted SAR. Readers can find out more about being an Authorised Corporate Service Provider or Companies House authorised agent (UK). Registering as an Authorised Corporate Service Provider (ACSP) is a new requirement that will help Companies House to know who is filing information on the public register. The National Economic Crime Centre has issued its National Economic Crime Centre Annual Report 2023-2024. The UK financial sanctions authority, Office of Financial Sanctions Implementation (OFSI) recently published the first in a series of sector-specific assessments addressing threats and vulnerabilities relating to UK financial sanctions. This report relates to the financial services sector. It states that providers of related professional services, such as accountancy service providers or auditors are included as relevant persons. The report provides an insight into sanctions evasion typologies and areas where there is a higher risk of breaches. Sustainability The International Auditing and Assurance Standards Board (IAASB) and the International Accreditation Forum (IAF) have confirmed a new partnership enforcing a shared commitment to high-quality sustainability assurance. The International Sustainability Standards Board has released its Q1 2025 Implementation Insights podcast. Irish Government Legislation Programme Spring 2025 The Government has in recent days issued its Spring legislative Programme 2025 the first since the new Government took office. In it there is some business legislation which may be of interest to members. For an in depth look at some of the proposed legislation  please click to read our latest news item on this topic. Other news The Corporate Enforcement Authority’s Director of Legal Michael Dillon recently wrote about directors’ duties. The Companies Act makes clear that the term ‘director’ encompasses anyone ‘occupying the position of director by whatever name called.’ He writes. The focus is on the function they perform, emphasizing ‘substance rather than form’.”. There is no such thing as director lite. The Dept of Enterprise Trade and Employment has recently issued its latest newsletter. News in the bulletin includes information on an European Commission AI webinar (see further below) and the Balance for Better Business 7th Annual Report. Readers can subscribe for the newsletter here. Central Bank of Ireland Governor Gabriel Makhlouf introduced the recent Strategic Foresight Symposium on The Importance of Foresight which took place on Tuesday, 11 February. The Dept of Finance recently published its first National Financial Literacy Strategy. A 5 year strategy, its ultimate mission is stated to be to improve the level of financial literacy in Ireland through a vibrant financial literacy ecosystem. Click for a press release on the strategy and here for the Action Plan. The European Securities and Markets Authority (ESMA) has launched a consultation on the criteria for the assessment of knowledge and competence of crypto-asset service providers’ (CASPs) staff giving information or advice on crypto-assets or crypto-asset services. The Charities Regulator has recently issued its first newsletter for 2025. Click for articles including an update on the Charities (Amendment) Act 2024 and details of provisions which have now been commenced. Also, read about the Charities Regulator’s plans to introduce a new traffic light system on the Register of Charities that will show more clearly and simply whether or not a charity has submitted its annual report on time. The change is designed to highlight the charities that meet their legal obligations. The European Commission recently published its work programme for 2025. Please click to access the programme and the annexes. There is also a fact sheet explaining the Commission work programme. In its competitiveness compass also recently published, the Commission signposted three planned omnibus packages. Two may be of particular interest to our members. The first one will deal with simplifying sustainability reporting, and the expected publication date is 26 February 2025 though we understand that this date may potentially slip. The other proposal will introduce a definition of small mid-cap companies, and the expected publication date is Q2 2025. Another proposal under “ongoing proposals” which may be of interest is the proposed directive to harmonise certain aspects of insolvency law.  Technical Release TR04-2015 ‘Companies Act 2014 - A statutory auditor’s duty to report to the Corporate Enforcement Authority’ has recently been updated. The updated version is available to members by logging into their member’s account. The Financial Reporting Council (FRC) has announced the successful signatories to the UK Stewardship Code following the latest round of applications. Accountancy Europe has released its February 2025 SME update. Artificial Intelligence (AI) - updates Please click to read a factsheet produced by Accountancy Europe (AE) in February 2025 entitled The EU AI Act: a guide for SME accountants. The factsheet outlines the key requirements of the EU AI Act, focusing on aspects relevant to SMEs. An accountant, as advisor to an SME or in their own practice may, AE writes, be developing or deploying AI systems. If so, the accountant should carefully familiarise themselves with the AI Act’s requirements, assess whether they are applicable to them, and take any required steps to ensure compliance. Article 4 of the AI Act requires providers and deployers of AI systems to ensure a sufficient level of AI literacy. It entered into application on 2 February 2025.The European AI office invites us to learn more about the approach of the European Union towards Article 4 of the AI Act. Please click to go to the European Commission webpage and to access a recording of a webinar on AI Literacy.  In the first part of the webinar, the EU AI Office focuses on Article 4 of the AI Act and its requirements, presenting the initiatives foreseen to facilitate the implementation of this general provision. In the second part of the webinar, some practices and related learnings are presented in an interactive dialogue between the EU AI Office and AI Pact members. Also on the subject of AI, Chartered Accountants Ireland and ACCA as CCAB-I has prepared Technical Alert TA01-2025 containing some pointers for firms to consider in their use of artificial intelligence (AI). All firms should be considering putting a policy in place whether it’s just to cover basic points of whether your trainees (or other employees) are permitted to use AI in the office or whether you need more extensive provisions. The pointers in the technical alert and links included in it may be of use to members. For further technical information and updates please visit the Technical Hub on the Institute website.      This information is provided as resources and information only and nothing in the information purports to provide professional advice or definitive legal interpretation(s) or opinion(s) on the applicable legislation or legal or other matters referred to in the information. If the reader is in doubt on any matter in this complex area further legal or other advice must be obtained. While every reasonable care has been taken by the Institute in the preparation of the information we do not guarantee the accuracy or veracity of any resource, guidance, information or opinion, or the appropriateness, suitability or applicability of any practice or procedure contained therein. The Institute is not responsible for any errors or omissions or for the results obtained from the use of the resources or information contained herein.  

From the Professional Accountancy team…… The Government has in recent days issued its Spring Legislative Programme 2025 the first since the new Government took office. In it there is some proposed legislation which may be of interest to members. Co-operatives The Co-operative Societies bill is listed for priority drafting. This legislation aims to place the co-operative model on a more favourable and clearer legal basis, thereby creating a level playing field with companies and encouraging the consideration of the co-operative model as an attractive formation option for entrepreneurs. Readers may recall that the previous Government in November 2022 approved the drafting of what was billed as ground-breaking legislation for the sector. The draft legislation proposes to repeal the Industrial and Provident Societies Acts 1893-2021 and provide a modern and effective legislative framework suitable for the diverse range of organisations using the co-operative model in Ireland. You can read more here by following the  link to the General Scheme of the Co-operative Societies Bill 2022. Readers can also go to the Institute’s technical hub pages where there is further information on this area. Other Also on the business regulation side, changes are proposed to the law on limited partnerships and business names. As we reported previously, heads of the general scheme for the Miscellaneous Provisions (Registration of Limited Partnerships and Business Names) Bill was published in July 2024  as both the limited partnership and business names legislation require updating to provide for modern business practices for those engaged in business using a business name or the limited partnership model .The Spring legislative programme indicates that work is ongoing on priority drafting of this legislation. Other legislation for priority publication is the National Cyber Security Bill to implement the Directive known as NIS 2 into Irish law. This directive was due to be transposed by 17 October 2024, so Ireland is overdue in its implementation. The previous government published heads of Bill of the National Cyber Security Bill in July 2024. Finally on this topic: - heads are in preparation for the Regulation of Artificial Intelligence Bill .The Bill will give full effect to the EU Regulation ,the Artificial Intelligence Act and will designate the National Competent Authorities responsible for implementing and enforcing the EU Regulation and will provide for penalties for non-compliance. - the Autumn 2024 legislative programme referenced heads in preparation and priority publication of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill. This was stated to amend the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (2010 Act) to ensure that Crypto Asset Service Providers are covered by national law in relation to Ireland’s Anti-Money Laundering and Terrorist Financing regime. Readers might note that in December 2024 the Minister for Justice by SI 724 of 2024 prescribed crypto asset service providers as designated persons under the 2010 Act. - the Finance (Provision of Access to Cash Infrastructure) Bill 2024 which was published by the Dept of Finance last year  has been restored to the Dail order paper . This information is provided as resources and information only and nothing in these pages purports to provide professional advice or definitive legal interpretation(s) or opinion(s) on the applicable legislation or legal or other matters referred to in the pages. If the reader is in doubt on any matter in this complex area further legal or other advice must be obtained. While every reasonable care has been taken by the Institute in the preparation of these pages, we do not guarantee the accuracy or veracity of any resource, guidance, information or opinion, or the appropriateness, suitability or applicability of any practice or procedure contained therein. The Institute is not responsible for any errors or omissions or for the results obtained from the use of the resources or information contained in these pages.    

Accountancy Europe has in recent months issued a factsheet entitled “Navigating the EU Anti-Money Laundering Regulation: Key Issues for the Accountancy Profession”.The factsheet highlights the key changes introduced by the new AML Regulation passed in Europe in 2024 and emphasises the importance of early preparation for these upcoming changes. Please click the link above to access the factsheet and here to preview the publication’s key insights on their website .

From the Professional Accountancy team …..CCAB-I  has prepared Technical Alert TA01-2025  containing some pointers for firms to consider in their use of artificial intelligence (AI). All firms should be considering putting a policy in place whether it’s just to cover basic points such as if your trainees (or other employees) are permitted to use AI in the office or whether you need more extensive provisions. The pointers in our technical alert and links included in it may be of use to members.   This information is provided as resources and information only and nothing in these pages purports to provide professional advice or definitive legal interpretation(s) or opinion(s) on the applicable legislation or legal or other matters referred to in the pages. If the reader is in doubt on any matter in this complex area further legal or other advice must be obtained. While every reasonable care has been taken by the Institute in the preparation of these pages, we do not guarantee the accuracy or veracity of any resource, guidance, information or opinion, or the appropriateness, suitability or applicability of any practice or procedure contained therein. The Institute is not responsible for any errors or omissions or for the results obtained from the use of the resources or information contained in these pages.