Audit and Accountancy
Audit exemption was introduced for Irish Companies initially by the Companies (Amendment) (No. 2) Act 1999 which was amended by Section 53 of the Companies (Auditing and Accounting) Act 2003. Under the terms of the Act companies that meet specific criteria can avail of the exemption. Click here to read more.
FRS 102: The new Financial Reporting Standard applicable in the Republic of Ireland and the UK from 1 January 2015
The Financial Reporting Council (FRC) in the UK published a new accounting standard in March 2013 (amended August 2014) known as FRS 102. This accounting standard will replace a raft of previous standards known as Generally Accepted Accounting Principles (GAAP) for many companies and entities for accounting periods commencing on or after 1 January 2015. Click here to read more.
The charities Bill became Law in 2009. Apart from some minor sections of the Act that became operative some time ago under Ministerial Order, nothing significant was activated until this year when the Minister for Justice established the Charities Regulatory Authority. It is hoped that the existence and operations of the Authority will successfully regulate the charity sector and enhance its reputation. Click here to read more.
The Multi-Unit Developments Act 2011 came into effect on 1 April 2011. It regulates the ownership and management of the common areas of multi-unit developments, and provides for the setting up of owners’ management companies to manage such areas. Click here to read more.