IRELAND’S ACCOUNTING INSTITUTE is looking into Ernst & Young’s role as auditor of nationalised Anglo Irish Bank.
The Complaints Committee of the Chartered Accountants Regulatory Board (CARB) is not expected to issue a statement on E&Y’s role until March, reported The Times.
Four chartered accountants involved with Anglo Irish Bank might also be disciplined, according to a statement on CARB’s website.
Former Anglo Irish chairman Sean Fitzpatrick; former chief executive David Drumm; and former FD William McAteer were liable for disciplinary action. Peter Fitzpatrick, former FD of Irish Life, is also being investigated in relation to transactions between Anglo Irish and Irish Life.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC