Recorded 23rd February 2021.

CPD Hours: 8

9.30am - 12.45pm - Capital Taxes Update with Suzanne Parker, Parker Law

Suzanne Parker is a qualified solicitor, Chartered Tax Advisor and Trust and Estate Planner. She is the principal Solicitor in Parker Law Solicitors based in Waterford having working Dublin for eight years. She has lectured and written articles on Wills, Trusts and Succession Planning. She is a committee member for the Taxation Committee of the Law Society of Ireland and the Internal Examiner on the STEP Diploma with the Law Society of Ireland. She is several Boards as a Director. She specialises in capital taxes, trusts and estates.

This lecture will consolidate and refresh your knowledge of capital taxes.

Topics Covered:

• Technical tax update on Capital Acquisitions Tax and Capital Gains Tax
• Wealth protection and structures
• Transferring wealth
• Advising in relation to Wills and Trusts
• Stamp Duty and LPT
• Tax Appeals

1.30pm - 4.30pm - Audit Update with Colm Divilly, Professional Education Seminars

This seminar will cover:

• Impact of the pandemic on audit assignments. Among the matters considered will be:
  • Significance of financial year end date when considering the impact of the pandemic on financial statements.
  • Uncertainty in relation to the ability of the client company to continue as a going concern.
  • Considering the possible impairment of assets as a result of the economic consequences of the pandemic.
  • Impact of the pandemic on the ability of the auditor to obtain audit evidence.
  • Audit issues arising from the receipt by the client company of government assistance.
• Impact of Brexit on audit assignment, including audit risks to consider in companies significantly impacted by Brexit.
• Review of Compendium of Illustrative Auditor’s Reports as issued by IAASA in 2020.
• Review of Revised International Standard on Auditing (ISA) 570: Going concern.
• Review of Revised International Standard on auditing 540: Auditing Accounting Estimates and Related Disclosures.
• The Companies (Statutory Audits) Act 2018: Review of Firms obligation to establish effective procedures within the firm for employees to report relevant contraventions or suspected relevant contraventions.
• Common weaknesses in audit files.
• Actions to bring about improvements in auditing standards within the firm.