Call for appeals system at CRO

The Institute of Chartered Accountants in Ireland (ICAI) has called for the introduction of an independent appeals system at the Companies Registration Office (CRO).

ICAI, as part of the Consultative Committee of Accountancy Bodies, has recently made a submission to the CRO advocating an independent complaints system.

ICAI president Terence O’Rourke said: “Given that the CRO took in €28m in late filing penalties last year, money which it appropriately states it doesn’t want to receive, we believe there is both a need and a funding source available to fund an independent appeals service.”