By Sinead Floody, 16th Nov 2016 (updated 03.07.2024) The Companies (Accounting) Bill 2016 (the Bill) has recently been published which, if enacted, will give effect to Directive 2013/34/EU of the European Parliament and of the Council of 26th June 2013 on the annual financial statements of Irish Companies. The Bill also recommends some amendments to […]
By Simon O’ Connor, 17th Nov 2016 (Updated 16 Nov 2021) Minutes are used to document business conducted at company meetings. Under sections 166 & 199 of the Companies Act 2014 the minutes of director’s meetings and Annual General Meetings (AMGs) must be kept. This is also a requirement from The Central Bank of Ireland […]
By Simon O’ Connor, 18th October 2016 Cybersecurity breaches continue to be a hot topic amongst businesses. With companies gathering more and more information on their customers, there is an increased risk of damage to those individuals should a company suffer a security breach due to digital hacking. This information could potentially have a financial […]
By Simon O’ Connor, 13th Oct 2016 (Updated 22nd March 2018) On May the 20th 2015, The Fourth Anti-Money Laundering Directive was introduced by the European Parliament. Although the directive has not to date been fully implemented into Irish Law it is now mandatory for companies to keep and maintain beneficial ownership register. This is one […]
Sinead Floody, 13th September 2016 (Updated 12th May 2022) Every Irish Limited company is required to file an Annual Return with the CRO on a yearly basis regardless of whether the company has traded or is dormant. Irish company Annual Returns must be filed with the CRO no later than 56 days after the Annual Return […]
By Andrew Lambe, 12th August 2016 With the Company Act 2014 conversion deadline fast approaching, we are seeing an influx of enquiries from Central Bank regulated entities including Undertakings for Collective Investment in Transferable Securities (UCITS) management companies, Alternative Investment Fund Managers(AIFM’s), depositaries and investment firms, insurance brokers and financial services companies who are unsure […]
The Companies Act 2014 has introduced requirements for large companies to establish an audit committee on a comply or explain basis. This is covered in section 167 of the new Act. An audit committee is a group of directors, nominated by the board to manage the financial reporting of the company. Prior to the introduction […]
By Sinead Floody, 20th July 2016 (Updated 19th Sept 2019) The purpose of the Annual General Meeting (AGM) is to allow the members of the company to ask questions, meet the directors, approve the accounts and get information about the company. As the term suggests, the Annual General Meeting (AGM) is held once per year. Chapter […]
By Andrew Lambe, 8th July 2016 No doubt you are aware of the seismic shock that was Brexit which we all woke up to a couple of weeks back. Now that the dust has settled and things are slightly clearer, you might be looking at how Brexit may impact upon your future plans for business […]
By Simon O’ Connor. 16th June 2016 The Companies Act 2014 has introduced new provisions which allow for the revision of financial statements. Previously not permitted under the Companies Act, directors may now adjust financial statements even if they have already been submitted to the Companies Registration Office (CRO). The Act has introduced two options […]
