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The Audit of Charities- ON DEMAND

Reference:AudChar24OD
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This event is a recorded ACCA webinar available for on demand purchase. This is not a live event. CPD points are available and resources are available on the ON24 platform. You will have access to the recording and resources through the ON24 link once registered.

 

Overview

The Charities (Amendment) Act 2024 (‘2024 Act’) was passed into law in July 2024 and will be a game changer in Irish charity law, especially as it impacts on charity financial reporting and audit.  

At the time of writing (mid-August 2024), it still awaits a statutory instrument to commence it. 

The 2024 Act does not replace the Charities Act 2009, but it makes a wide-ranging set of amendments, insertions and repeals of the 2009 Act.  

 Many sections of the 2009 Act are affected by changes in the 2024 Act. These range from registration of new charities to the wind up of charities and other matters that can affect charities during their lifetime.


Key topics that will be covered in the webinar will be:

  • Financial reporting amendments coming in 2024
  • Requirements for the audit of Charities with gross income of €500k or more.
  • Requirements for Charities that are not companies with gross income or expenditure not exceeding €250,000.
  • Requirements for Charities that are companies but are below the €500k threshold and may have an independent examination.
  • Charities that are smaller than the above criteria and will be exempt from an independent examination under certain conditions.
  • Mandatory notifications to the Charities Regulator
  • Duties of charity trustees
  • Charity financial reporting tips
  • Charity audit traps and pitfalls
  • Focus on fraud risks and ISA 240
  • The basic of audit planning, execution and completion
  • Focus on the implementation of ISA 315 (Risks of Material Misstatements) in a charity audit
Speaker:
John McCarthy
 

John McCarthy FCA of John McCarthy Consulting Ltd.

John McCarthy is a regular speaker for the ACCA on accountancy practice matters, compliance and audit/accounting technical regulation. He frequently assists firms preparing for regulatory inspections.

He has expertise in delivery of Anti-Money Laundering (AML) training to accountants, tax experts, law firms, insurance brokers, estate agents and TCSPs.

He has given joint (AML) presentations with the Garda Economic Bureau and the Revenue Commissioners and has also organised and presented specialist courses on the Solicitors’ Accounts Regulations, insurance broker/charity accounting and audit.

He is a member of Chartered Accountants Ireland (CAI), the Institute of Chartered Accountants in England and Wales (ICAEW) and the Irish Taxation Institute (ITI).

Further information at: www.jmcc.ie

Event details
Sector: On Demand Events
Date: 25 September 2024
End Date: 16 September 2025
Time:Recorded event
Duration: 1.5 Hours
Venue: On24
Capacity: 1000
CPD Units*: 2
*CPD Units are only verifiable if the event attended provides skills and/or knowledge relevant to your job or career aspirations.
Cost details
Members €69.00
Guest price €69.00
Booking details
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Futher details If you have any questions about the recording, please do not hesitate to contact us at irelandmembers@accaglobal.com. If you register and do not receive the automated link from ACCA to access the On Demand event through ON24 please contact irelandmembers@accaglobal.com.