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Practising Accountants’ Update 2019

Course Summary

8 hours live

€ 250


Related Courses

Schedule

  • 28
    Nov
    09:15 - 17:30 Glasson Hotel, Athlone
  • 04
    Dec
    09:15 - 17:30 Radisson Blu Hotel, Cork
  • 11
    Dec
    09:15 - 17:30 Radisson Blu Hotel, Limerick
  • 18
    Dec
    09:15 - 17:30 Citywest Hotel, Dublin

Course Details

8 hours Various

Session 1: Pre & Post Monitoring Visit and Top File Review Errors

As a member of our Practice Support team, Colm’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.

Colm brings a unique insight into the whole area of monitoring and compliance having spent the last 6 years as a quality reviewer with Chartered Accountants Ireland.  In that role he has visited firms of differing sizes all over the country which has given him an insight into how firms operate, the challenges facing firms and how firms are responding to current issues facing them and the profession.  He has gained up-to-date knowledge of audit, accounting, money laundering and regulatory compliance issues relevant to the profession and knowledge of current audit methodologies.

With OmniPro, Colm is constantly reviewing audit files and Institute communications on a weekly basis identifying the key weaknesses on file reviews.  In this session he will share the insights of his experience both from carrying out monitoring visits and file reviews and address common weaknesses in:

  • Pre & Post monitoring visit issues
  • Financial statement presentation
  • Audit planning
  • Audit execution
  • Audit completion

This session will help attendees identify what areas are considered common problem areas and what areas reviewers deem important when reviewing audit files.  This will assist attendees when reviewing their own work to ensure they are hitting the critical areas on audit files

When identifying the key weaknesses, Colm will also discuss the primary response to address the key weakness.  This knowledge has been gained from their experience of dealing with Institutes on a regular basis.

Knowing the areas of weakness focused on by reviewers will assist practices to improve their own file preparation.  This session will help improve the quality of audit files prepared by firms ensuring that key areas are addressed.

CPD Facilitator: Colm Owens, OmniPro


Session 2: Efficient Implementation of the Anti-Money Laundering Regulations

There have been significant changes to the AML landscape in the last 12 months and further changes are expected in the next 12 months with the implementation of the 5th EU Directive. These changes will place increased onus on firms to fulfil their requirements from an AML perspective.  AML compliance is also of greater emphasis and focus in monitoring visits, being compliant is expected and knowing the changes will ensure that you remain compliant.

This session will provide an overview of AML, the changes that have happened to date and what’s coming down the tracks.

CPD Facilitator: Colm Owens, OmniPro


Session 3: KnowledgeHUB – Most Common Technical Queries of 2019

CPD Facilitators: John Murphy, Colm Owens & Yvonne O’Sulivan, OmniPro


Session 4: Key Co Sec Issues for 2020

CPD Facilitator: John Murphy, OmniPro


CPD Facilitators

Colm Owens: Practice Support Executive, OmniPro

As a member of our Practice Support team, Colm’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.

Colm brings a unique insight into the whole area of monitoring and compliance having spent the last 6 years as a quality reviewer with Chartered Accountants Ireland.  In that role he has visited firms of differing sizes all over the country which has given him an insight into how firms operate, the challenges facing firms and how firms are responding to current issues facing them and the profession.  He has gained up-to-date knowledge of audit, accounting, money laundering and regulatory compliance issues relevant to the profession and knowledge of current audit methodologies.

Prior to his time with Chartered Accountants Ireland, Colm’s roles included Audit Manager with Anne Brady McQuillans and Brophy Gillespie, both in Dublin, where he worked with a range of clients from small owner-managed businesses through to larger audit clients.


John Murphy: Tax, Corporate Restructuring and Practice Support, OmniPro

As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing technical knowledge on tax, financial reporting and auditing.

A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits.  In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring.

John also plays a key role as a researcher and subject-matter expert in developing OmniPro information products such as the CompaniesAct2014.com and FRS102.com. As a speaker at OmniPro CPD events, he brings these industry-leading insights to accountants participating in our training programmes.

A Chartered Accountant and Qualified Financial Adviser, John has over a decade’s Big 4 experience with EY and PwC, providing tax and audit services for a portfolio of clients, ranging in scale from SMEs to multinationals.


Yvonne O’Sullivan: Tax Executive, OmniPro

Yvonne is a key member of our technical support team, providing advice on all tax heads in response to queries submitted through our Knowledge Hub platform. In addition, she provides support within the tax department on tax planning, restructuring and exit planning solutions for a range of clients.

A Chartered Certified Accountant, Yvonne trained and worked in small practice for a number of years followed by working for over 2 years in an independent Dublin based firm Beechwood Partners. She has experience with a range of professionals, executives, entrepreneurs and family groups assisting them with their tax compliance across all areas. She worked closely with clients providing daily practical and operational assistance with the management of their personal and business finance administration as well as assisting with the ongoing analysis and production of investment portfolio reports.

Yvonne has recently completed her final IATI Chartered Tax Adviser Exams, and plays a key role as a researcher on developing subject matter and content for our Knowledge Hub tax product.