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Consumer Rights & Wrongs
The 2011 Consumer Rights Directive will, from 2013, introduce important changes to the law as it affects consumers and those who sell goods and provide services to them, especially in the online environment. The new Directive brings together currently distinct laws for ‘distance contracts’ and other consumer contracts.
Nov 28, 2011 [Law & Regulations Publication]
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A Balanced Scorecard for the Board
Accountants introduce many good management tools only to have them fail to spark or deliver on the promise they showed. Why?
May 11, 2010 [In Practice Publications]
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WIP is Cash: How Lean processes can benefit firm cash flow
Picture a traditional manufacturing process. What do you see? Work started well before it's needed? Items being produced in large batches? A bunch of work in process (WIP) sitting around waiting to be finished? While those are all common scenes in manufacturing facilities, I don't see inventory or WIP. What I see is a bunch of cash sitting around on shelves. And this cash is sitting around in accounting firms, too.
Apr 27, 2010 [In Practice Publications]
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ECB Still Some Distance From the Exit (Strategy)
It came as no surprise to markets that the European Central Bank left it’s key interest rates unchanged today...
Oct 13, 2009 [Recession Publications]
Download attachment(s): [ ECB_still_some_distance_from_the_Exit_Strategy_08_10_09.pdf ]

CREDIT UNION CORNER
Sep 1, 2009 [Standards & Guidelines - Auditing]
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Requirements for Guidance for Credit Unions
The Registrar of Credit Unions regularly issues guidance to ensure compliance by credit unions with their legal and regulatory obligations...
Sep 1, 2009 [Standards & Guidelines - Auditing]
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Legislation Applicable to Credit Unions
Legislation relevant to the regulation of Credit Unions is listed below. The following list is not exhaustive and is intended to serve as a guide:
Sep 1, 2009 [Standards & Guidelines - Auditing]
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Important Links: Credit Unions
Some important and useful links for those advising and working with Credit Unions...
Sep 1, 2009 [Standards & Guidelines - Auditing]
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Financial Regulator News Publications
Issues of 'RCU News' & 'Regulatory Connection'...
Sep 1, 2009 [Standards & Guidelines - Auditing]
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ILCU 2008 Annual Report
Presented in an easy-to-read page flip animation format is the ILCU 2008 Annual Report...
Sep 1, 2009 [Standards & Guidelines - Auditing]
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Directive 2006/43
Jul 29, 2009 [Law & Regulations Publication]
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New Anti-Money Laundering Bill Published
The Minister for Justice, Equality and Law Reform, Dermot Ahern T.D., has today (Wednesday 28 July 2009) finally published the long awaited Bill which will lead to law implementing the 3rd EU Anti-Money Laundering and Counter-Financing Directive today...
Jul 29, 2009 [Law & Regulations Publication]
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FRC Exposure Draft: Going Concern and Liquidity Risk
Whether a business is a going concern is a fundamental conclusion that needs to be reached when preparing financial statements. The difference between financial statements prepared on a going concern basis and financial statements prepared on another basis can be very substantial...
Jun 2, 2009 [Financial Reporting Publications]
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IASB Decisions on International Financial Reporting Standards
The International Accounting Standards Board met in London on 5 May for an educational session on financial instruments and on 18-21 May, when it discussed...
Jun 2, 2009 [Financial Reporting Publications]
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Using the Customer Experience for Competitive Advantange in Uncertain Times
Accenture High Performance Business research has shown that the ability to deliver a customer experience consistently aligned around customer needs...
May 13, 2009 [In Practice Publications]
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Finance Bill 2009; Every Angle Covered
Deloitte have prepared a summary of the main features of Finance Bill 2009 and these have been brought together under the headings: Individuals, Business & Fiancial Services...
May 11, 2009 [Financial Reporting Publications]
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UK Budget
Alistair Darling, Chancellor of the Exchequer delivered his 2009 UK Budget on 22nd of April.

Changes were made in the following areas:
1. Personal Tax and Individuals
2. Tax Relief on Pension Contributions
3. Business Payment Support Service
4. Business Tax - Corporate and Self Employed
5. Compliance Proposals
6. Review of Powers
7. VAT Changes
8. Excise Duties
9. Stamp Duty Land Tax
May 5, 2009 [Taxation/Budget Publications]
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Auditor's Reports on Financial Statements in the UK
The Auditing Practices Board published Bulletin 2009/2 entitled ‘Auditor’s Reports on Financial Statements in the United Kingdom’ on 24th of April 2009...
Apr 28, 2009 [Financial Reporting Publications]
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The Irish League of Credit Union
The Irish League of Credit Unions (ILCU) was set up by a small group of credit unions in 1960 to represent and service affiliated credit unions on the island of Ireland...
Apr 28, 2009 [Financial Reporting Publications]
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Wood Products Ltd - Disqualification proceedings dismissed
Apr 28, 2009 [Law & Regulations Publication]
Download attachment(s): [ Wood_Products_Ltd_Disqualification_proceedings_dismissed.doc ]

Persistently in Default - Wood Products Ltd
The Supreme Court determined what is meant by a company being persistently in default regarding the filing of the annual returns; “persistent default is not merely default which has continued over a long period of time but is default which has continued in the teeth of intervention on the part of the courts more than once.”
Apr 28, 2009 [Law & Regulations Publication]
Download attachment(s): [ Persistently_in_Default_Wood_Products_Ltd.doc ]

Directors Found Personally Liable
A Director of Dev Oil & Gas Limited, Vivian Devlin was held personally liable for 68% of the debts of the Company after it had gone into liquidation. The Directors had failed to keep proper books of account pursuant to Sec 204 Companies Act, 1990. He was also disqualified from acting for a period of 8 years.
Apr 28, 2009 [Law & Regulations Publication]
Download attachment(s): [ Directors_Found_Personally_Liable_for_Debts_-_Dev_Oil_and_Gas_Limited.doc ]

Dublin Sports Cafe Ltd - Supreme Court Appeal
The two Directors of Dublin Sports Café Limited successfully appealed against the restriction order handed out by the High Court when their company went into liquidation.
Apr 28, 2009 [Law & Regulations Publication]
Download attachment(s): [ Dublin_Sports_Cafe_Limited_-_Supreme_Court_Appeal_Granted.doc ]

Tralee Beef & Lamb Supreme Court Appeal
A Non-Executive Director of Tralee Beef & Limited, Simon Coyle, won his appeal in the Supreme Court against a restriction order handed out by the High Court. In this case, the liquidator had recommended in his Section 56 Report that Simon Coyle should avoid restriction. The Office of the Director of Corporate Enforcement refused to grant relief from bringing the restriction proceedings. The High Court subsequently restricted Simon Coyle from acting as a Director.
Apr 28, 2009 [Law & Regulations Publication]
Download attachment(s): [ Tralee_Beef___Lamb_Supreme_Court_Appeal_Granted.doc ]

Guidance Note From Financial Regulator
In the interests of clarifying the regulatory regime provided for under the Transparency (Directive 2004/109/EC) Regulations 2007 (the Regulations), the Financial Regulator is issuing this Guidance Note to clarify a number of matters...
Apr 20, 2009 [In Practice Publications]
Download attachment(s): [ Guidance_Note_from_Financial_Reg_re_Periodic_Financial_Reporting.pdf ]

Credit Union Guidance Note
The board of directors of each credit union must ensure that they comply with the Accounts and Audit requirements set out in Part VII of the Act...
Apr 20, 2009 [In Practice Publications]
Download attachment(s): [ Credit_Union_Guidance_Note.pdf ]

Financial Misconduct - Acting Swiftly & Effectively
At a time when the market is sensitive to any sign of bad news, the discovery of fraud or financial misconduct can have a significant and disproportionate impact on the reputation of a
company...
Apr 17, 2009 [In Practice Publications]
Download attachment(s): [ ie_Management_20Briefing_0309_final_283_29.pdf ]

IASB Response to G20 Recommendations
The International Accounting Standards Board (IASB) today responded to recent recommendations of the leaders of Group of Twenty (G20) countries regarding accounting standards...
Apr 17, 2009 [In Practice Publications]
Download attachment(s): [ IASB_Press_Release_7_Apr_09_Response_to_G20_recommendations.pdf ]

IFRIC Update March 2009
The IFRIC met in London on 5 March 2009, when it discussed...
Apr 17, 2009 [Taxation/Budget Publications]
Download attachment(s): [ IFRIC_UpdateMar09.pdf ]

CARB Annual Report 2008
In our Strategic Plan 2008-2010 the Board set out its
aspirations for CARB...
Apr 17, 2009 [In Practice Publications]
Download attachment(s): [ CARB_Annual_Report_2008.pdf ]

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