Featuring: Companies (Statutory Audits) Act 2018 Commenced & all the upcoming dates for the Chartered Accountants CPD Blitz 2018Click Here to Read It Now
The Companies (Statutory Audits) Act 2018 was passed on the 25th of July 2018. A commencement order was signed on the 21st of September 2018. Most of the Act is now commenced, however there are a number of provisions that have yet to be commenced and I have highlighted these for you below.
Our July Newsletter is available now! Featuring - No Change to District Court Applications for Audit Exemption
After a number of significant proposals in the committee stages, the Companies (Statutory Audits) Act 2018 has not changed the ability of companies who are late in filing an annual return to apply to the District Court to retain the audit exemption and avoid paying late filing penalties.
Our April Newsletter is available now,Featuring: Potentially Good News for Audit Exemption Click Here to Read it Now
There has been some good news from the Select Committee Stage on the Companies (Statutory Audits) Bill 2017 which was debated on 21st February 2018. Minister Heather Humphreys has stated that the Department intends to examine removing the requirement to make an application to the District Court to retain the audit exemption. Niall Collins made representations regarding the impact on companies that face losing the audit exemption and the representations made by the accountancy bodies.
Our March Newsletter is out Now - Featuring:
It was good while it lasted but all good things come to an end at some stage and CRO have brought an end to the get out of jail free card for filing late returns.
Our January Newsletter is Out Now! Featuring: Top Ten Company Secretarial Points for 2018 Preparing for the General Data Protection Regulation (GDPR) Up-Coming Events Click Here to View it Now
Every January we set out ten points for our readers to consider from a company law and company secretarial practice perspective. These are the points we see practitioners having issues with but never get around to putting policies in place to ensure they don’t happen or changes that should be considered by your clients.
November Newsletter - Important Changes to Sec 343 District Court Applications for Late Filing
There is a slight irony in the publication of the Companies (Statutory Audits) Bill 2017 in the same week that the government announces plans to get tough on White Collar Crime. The new provisions are not as severe as what was originally proposed in the draft Scheme of the Bill.
Our October Newsletter is out now! This month:
CRO Criminal Prosecutions
10 Tips for Electronic Filing
Q&A - How Will Budget 2018 Affect my Business?
Upcoming Events and Seminars
This week will see the biggest test of the CRO’s filing system CORE. Approximately 50K companies will be required to file an Annual Return and upload its Financial Statements electronically. For some companies and practitioners this is a new departure from the manual system of filing annual returns and for many uploading the PDF financial statements electronically will be a completely new process.
CRO got a reaction they were probably hoping for when they sent out their email on 12th October 2017 announcing “CRIMINAL PROSECUTIONS HAVE BEEN COMMENCED “.