Dublin: Accounting watchdog, the Irish Auditing & Accounting Supervisory Authority (IAASA), has fined the Institute of Chartered Accountants in Ireland (ICAI) €10,000 and ordered it to deal with a complaint it received again from scratch, after finding that the ICAI “failed to comply with its approved investigation and disciplinary procedures” when initially dealing with the matter.

IRELAND is showing no sign of shedding its Rip-Off Republic tag as figures reveal the cost of filling a shopping basket is almost 30% higher than the EU average.

A majority of Irish businesses are experiencing serious difficulties in accessing finance from credit institutions, according to a survey of chartered accountancy firms conducted by the Institute of Chartered Accountants in Ireland (ICAI).

AN investigation into the use of trusts and offshore structures by people trying to escape paying tax is to be launched next September.

SEAN FitzPatrick’s Anglo Irish Bank loans are to be investigated by the man who was previously responsible for highlighting the abuse of taxpayer’s money.

ACCOUNTANCY firms Ernst & Young and KPMG are to be investigated by the Chartered Accountants Regulatory Board arising from issues connected to the “inappropriate directors’ loans” at Anglo Irish Bank.

The Institute of Chartered Accountants says it does not believe the Lisbon Treaty poses any threat to Ireland's taxation policies.

THE Institute of Chartered Accountants in Ireland has responded positively to the statement from internal Market Commissioner, Charlie McCreevy, that he will recommend to member states that they take measures to limit auditor liability.

THE announcement by the Revenue Commissioners that they are prepared to allow cross-border workers earn money in the Republic without double deduction of PAYE was welcomed by the Institute of Chartered Accountants in Ireland (ICAI).

Taoiseach Bertie Ahern has today launched the fourth SFA National Small Business Awards which recognises the vital contribution of the small firms sector to the economy.

The Institute of Chartered Accountants in Ireland has welcomed the publication by Internal Market Commissioner Charlie McCreevy of proposals to simplify accounting, auditing and corporate governance rules for smaller companies.

THE Institute of Chartered Accounts has formally submitted a call for the reduction of corporation tax in the North to the review of tax policy ordered by new British prime minister Gordon Brown when he was chancellor of the exchequer.

THE Institute of Chartered Accountants (ICAI) has formally written to David Varney as he carries out his review of Northern Ireland tax policy for the British chancellor of the exchequer.

AN island of Ireland corporate tax rate of 12.5% has been proposed by the country’s largest professional body of accountants.

The Chartered Accountants Regulatory Board (CARB), the regulator of the 16,000 members of the Institute of Chartered Accountants in Ireland, came into existence yesterday.

The Institute of Chartered Accountants in Ireland has strongly endorsed the statement from the Department of Finance that it is for each member state to decide on the structure of its own tax system reflecting its own traditions and priorities.

THE Institute of Chartered Accountants in Ireland (ICAI) has urged the Government to change the law to allow auditors to form companies and reduce their personal liability.

The Institute of Chartered Accountants in Ireland (ICAI) has today published a position paper arguing the case for reform of the liability regime as it affects Irish auditors.

The Institute of Chartered Accountants in Ireland (ICAI) has welcomed the passage of the Companies Bill which legislates for the increase in the audit exemption threshold. The Bill cleared its final stage in the Seanad on Friday.

The Institute of Chartered Accountants in Ireland (ICAI) has welcomed the announcement by the Revenue Commissioners that they would apply the principle announced by Minister Cowen in the Budget on the payment of preliminary corporation tax to small companies in a start-up situation who had their first accounting period ending in 2006.

The Institute of Chartered Accountants in Ireland (ICAI) said that it believed that the tax findings of today’s Forfás survey on Finance and Equity for Small to Medium Enterprises proved the case for the continuation of the Business Expansion Scheme by Minister Cowen on Budget day.

The Institute of Chartered Accountants in Ireland (ICAI) has presented its inaugural Lifetime Achievement Award to the European Commissioner for the Internal Market, Charlie McCreevy FCA.

The Institute of Chartered Accountants in Ireland (ICAI) believes that record numbers of returns will be filed electronically this year, with a significant increase over last year’s high figures.

The Institute of Chartered Accountants in Ireland has welcomed the remarks made by commissioner McCreevy that the success of capital markets was dependant on there being a competitive and stable audit market.

The Institute of Chartered Accountants in Ireland (ICAI) has announced the appointment of Dr Liam O’Reilly as the first Chairman of the Chartered Accountants Regulatory Board (CARB).

The European Court of Justice (ECJ) has ruled today that businesses are entitled to set up in countries such as Ireland which have a favourable tax regime.

OVER €100 million is lying unclaimed because tax payers are unaware of the full range of tax reliefs.

THE Institute of Chartered Accountants in Ireland (ICAI) has welcomed a plan by the Irish Auditing and Accounting Supervisory Authority (IAASA) to give legal recognition to the term accountant.

The Institute of Chartered Accountants in Ireland (ICAI) has welcomed the announcement by the International Accounting Standards Board (IASB) that it will suspend the introduction of new accounting standards until 2009.

The Institute of Chartered Accountants in Ireland (ICAI) has called on the Government not to consider early commencement of the sections of the 2003 Companies Act relating to audit committees in its submission to the Office of the Director for Corporate Enforcement Consultation paper entitled ‘Draft ODCE Guidance on Audit Committees’.

THE Institute of Chartered Accountants in Ireland (ICAI) has called on the Government not to consider an early start of the sections of the 2003 Companies Act relating to the establishment of audit committees in certain companies.

MARTIN WILSON succeeded John Greely as president of the Institute of Chartered Accountants in Ireland (ICAI) at its AGM in Dublin yesterday.

The Institute of Chartered Accountants in Ireland (ICAI) has joined eight other professional accounting organisations to form the Global Accounting Alliance.

ONE-IN-FOUR Irish accountants believe Ireland will become a more difficult place to do business over the next year.

THE Institute of Chartered Accountants in Ireland (ICAI) has reported a record year for student intake in 2005.

THE president of the Institute of Chartered Accountants in Ireland (ICAI) says it is pleased by commitments by the EU not to make any further radical changes to accounting standards.

THE Institute of Chartered Accountants in Ireland (ICAI) has welcomed the decision by the European Commission to increase the excise duty exemption for travellers into the EU from €175 to €500.

The Institute of Chartered Accountants in Ireland (ICAI) has welcomed a decision by the European Commission to increase the excise duty exemption for travellers into the EU from €175 to €500.

THE Institute of Chartered Accountants in Ireland (ICAI) has announced the programme for its annual conference to be held in the Radisson Hotel, Galway between March 30 and April 1.

THE Institute of Chartered Accountants in Ireland (ICAI) yesterday said the 2006 Finance Bill confers powers on the Revenue Commissioners that run contrary to the recommendations of the 2004 Revenue Powers Group Report.

THE Institute of Chartered Accountants in Ireland (ICAI) has described 2006 as an important year in the development of the accounting profession in Ireland.

THE Institute of Chartered Accountants in Ireland (ICAI) has welcomed the start of sections of the Companies (Auditing and Accounting) Act 2003, which places the Irish Auditing and Accounting Supervisory Authority (IAASA) on a statutory footing.

The Institute of Chartered Accountants in Ireland (ICAI) has today said that agreement between the European Parliament and the European Commission on company size thresholds would leave Irish small and medium entreprises a long way behind their European counterparts.

A FORMER head of accountants Deloitte & Touche has been appointed to chair the €14.5 billion National Pension Reserve Fund (NPRF).