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.
The original live event took place on the 26th of April 2023. Access to the recording link will expire on the 26th of April 2024.
Chairperson: Grainne Murphy, CEO of Ballinasloe Credit Union
Current accounting issues arising
Session 1: Accounting update for credit unions
Aidan Clifford
- Accounting for Credit Union Owned Outsourced Service Providers
- Impairment testing for Outsourced Service Providers
- Accounting for investments in a volatile interest rate environment
- Issues arising at the 2022 year end – preparing for 2023
- Reporting on sustainability in credit unions
Session 2: The new Credit Union Legislation – decisions directors need to make
Bryan Hayes
- Reducing the number of board meetings
- Reducing the number of Board Oversight meetings
- Delegating more functions to the executive
- Participating in corporate credit unions
- Farming out and in loans
- Rule changes that may be required
Session 3: Keeping the board informed – what should the board expect in their meeting information pack
Gene Boyd
- Communicating complex financial information
- The use of a dashboard
- Example board reporting packs
- Managing board time
Session 4: Preparing a credit union Strategic Plan
Michael Byrne
- Core business model – making the most of what you have now
- Charges and fees
- Ancillary products
- Managing a business model change
About the Presenters
Aidan Clifford, Advisory Service and Public Affairs Manager, ACCA Ireland. Aidan provides an advisory service for members’ of ACCA on accounting, auditing, ethical and company law as well as coordinating the ACCA Ireland responses to proposed legislative and regulatory changes. Aidan also represents ACCA on a number of technical committees in areas such as anti-money laundering, reporting to CEA and various audit related working groups. Aidan is a voluntary member of the Board Oversight Committee for a community credit union.
Brian Hayes is a partner in Moore and leads firm’s Governance, Risk and Assurance team. Brian specialises in credit union consulting work and has advised over 150 credit unions over the past decade. Brian is a both a Chartered Accountant and a Chartered Internal Auditor.
Gene Boyd is an experienced chartered accountant who has worked in a variety of senior management roles with international exposure, principally in the pharmaceutical industry. He has extensive governance expertise having worked for a number of years in iternal audit, chairs the Audit Committee of Kerry County Council and is a member of the Audit Committee of the Department of Public Expenditure and Reform as well as providing risk management training and consultancy services.
He has held various governance roles in credit unions including, at various times, Chair of the board, the board oversight committee and audit committee. He is currently on the board of Member First Credit Union, one of the larger community-based credit unions in Ireland.
Gene also delivers and has developed training courses for the Irish League of Credit Unions, the Credit Union Development Association, the Institute of Public Administration, and the National College of Ireland on Governance-related topics.
Michael Byrne is the CEO at Core Credit Union & Vice President of the Board at Irish League of Credit Unions. Michael is also an ACCA member who has worked at partner level in auditing and is a member of the ACCA Financial Services Panel. Michael has also volunteered for the ILCU Foundation Volunteer Coaching Programme.