Chartered Accountants Ireland
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| Abbreviation | Chartered Accountants Ireland |
|---|---|
| Formation | 26 May 1888 |
| Legal status | Chartered body |
| Membership | 25,000 |
| President | Liam Lynch |
| Chief Executive | Pat Costello |
| Governing body | Council |
| IFAC member since | 7 October 1977 |
| Website | www |
Established by Royal Charter on 14 May 1888,Chartered Accountants Ireland is Ireland's largest and fastest growing accountancy body. For almost ten years Chartered Accountants Ireland has been the fastest growing accountancy body in the UK and Ireland, with membership increasing by almost 50% in the period 2004 to 2014 .
Chartered Accountants Ireland represents more than 25,000 members throughout the globe. Chartered Accountants Ireland works with governments and businesses to raise awareness of the importance of sound financial advice.
Fully qualified members of Chartered Accountants Ireland earn the designation ACA (Associate Chartered Accountant). After 10 years membership, members are invited to apply for fellowship of their Institute and earn the designation FCA (Fellow Chartered Accountant).
The Institute has mutual recognition agreements in place with its peer institutes in England & Wales, Scotland, Australia New Zealand, Canada, South Africa, Singapore, Hong Kong and the United States of America. Qualifying members of the Institute may also benefit from the European professional qualification directives
Chartered Accountants Ireland is part of the Consultative Committee of Accountancy Bodies and members are authorised to conduct audit, insolvency and investment business work.
Chartered Accountants Ireland is one of Ireland's six Recognised Accounting Bodies regulated by the Irish Auditing and Accounting Supervisory Authority (IAASA) which approves accountancy bodies to issue Audit Practice Certificates to "Registered Auditors".
Chartered Accountants Ireland is a founding member of Chartered Accountants Worldwide Chartered Accountants Worldwide is an initiative set up by the leading chartered institutes to support, develop and promote the vital role that Chartered Accountants play throughout the global economy.
In 2007 the Chartered Accountants Regulatory Board was established to develop Standards of Professional Conduct and to supervise the compliance of members, member firms, affiliates and students.
They initiated an investigation into the "circumstances around the issue of inappropriate directors' loans at Anglo Irish Bank"and into the performance of Ernst and Young. In 2009, independent Senator Shane Ross said the Institute "ranks with the Central Bank of Ireland as the winner of the wooden spoon for watchdogs". The first Chairman of the Regulatory Board, had companies he is a director of, fined a total of €3.35 million by the Central Bank of Ireland, for risk control and reporting failures.
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