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Read our commentary on Budget 2019.
The Companies (Statutory Audits) Act 2018 was implemented on 21 September 2018. The key features are the following:-
1. No longer required to file audited Financial Statements in year in which return is filed late, the company must then file audited Financial Statements for 2 consecutive years.
2. No change to Section 343 District Court Applications for lost Audit Exemption.
3. New powers for IAASA and enforcement.
4. Its a category 2 offence for a person or firm (who is other than a statutory auditor) to act as, describe themselves as a statutory auditor and to carry out statutory audits.
BREXIT - Accounting for BREXIT.
We are working with our clients on key issues that may emerge from a Hard BREXIT. Issues to consider are:-
If you would like to be prepared for BREXIT - talk to us today by contacting our office at +353 46 9293537.
A 2018 report by Indecon International Economic Consultants, commissioned by the Charities Regulator, shows that Irish Charities had income of 14.5 billion euro and 189,000 employees employed in 2017. Of this amount, the report showed that the largest source of income came from government and public bodies which accounted for more than half of this income.
Charities with a 31 December 2017 year end must file their Annual Return with the Charities Regulatory Authority by 31 October 2018. This is a legal deadline.