PracticeAuditIrish accountants resist non-audit restrictions

Irish accountants resist non-audit restrictions

CAI fears restrictions would only result in more cost

An Irish accountant group has warned against restrictions on accounting firms
undertaking non-audit work for audit clients.

Chartered Accountants Ireland (CAI ) said there is no need to add further
restrictions on audit companies undertaking non-audit work for their clients.

Aidan Lambe, technical policy director with CAI, said a restriction would
lead to more expense for companies.

‘‘We think that anything aimed at banning or restricting a company’s ability
to decide what’s appropriate for itself in this particular issue is not
necessary,” he said.

‘‘We’d be concerned if there were restrictions in Britain and Ireland that
took us out of line with what’s going on elsewhere, because ultimately it’s a
competitive issue..More advisers mean higher costs.”

Read the full story:
Auditor
restriction plans could hit Irish Stock Exchange listings

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