The Essential Advisors Mix 2022 - Northern Ireland
Date: 17/11/2022 09:00 | Duration: 8hrs | Tag: EAMINI22 | Type: Conference | Speaker: Rose Tierney, Tony Clarke, Claire Thomson, Lindsay Webber, Elaine Jackson, Des O’Neill
Course Details
Cross Border Tax, VAT & Customs 2022 - Part 1 and 2
Speaker: Rose Tierney – Tierney Tax Advisors
Time: 09:00 – 10:40
During this session, Rose will take us through the most recent tax updates in relation to cross border working and trading for Northern Irish firms. She'll also look at VAT and customs issues that firms and their clients are facing, and will equip accountants to be able to support their clients in these complex areas.
Key Issues for Independent Examiners of Charities
Speaker: Tony Clarke – Clarke & Co
Time: 11:00 – 11:50
Charity reporting has changed over the last number of years. Independent Examinations are still relevantly new to us. This session will allow Accountants and Charity Trustees to understand what is expected by the Charity Commission when reporting and undertaking an Independ Examination.
In this session, Tony Clarke will cover the following:
- What is an Independent Examination
- Charities eligibility for IE
- CCNI Directions for Independent Examiners
- What trustees should look for in an Independent Examiner
- How trustees should prepare for an IE
By attending this session, you will gain an understanding of a Charity Independent Examination in Northern Ireland
Companies House – What’s Changing, and how Can You prepare?
Speaker: Claire Thomson – OmniPro Practice Support
Time: 11:50 – 12:40
Accountants need to start preparing for 58 major changes coming to Companies House which will affect your services to your clients, your pricing and your profitability. The far-reaching changes - aimed partly at stopping UK companies being used in corruption, money laundering, fraud and identity theft - will include obligations to file more information about your clients (such as documents that verify the IDs of directors and others); the abolition of abridged and filleted accounts; a power for Companies House to query information you file; and much more. This Webinar will update you on the details we know so far, the implications for your practice and, most importantly, what you need to do about them.
In this session Claire will cover the following topics;
- Setting the scene - the background to reform
- The six areas of reform
- Preparing for the changes – opportunities for accountants
- Other changes – the Register of Overseas Entities
By attending this session, accountants will gain insight into the changes that will impact all individuals and incorporations who interact with Companies House. Being ready for these changes will provide your clients with a smoother transition process to the new requirements.
This session will be of most interest to accountants working with companies registered at Companies House. It will also be of interest to accountants who act as agents for UK companies, providing company secretarial and other services.
Financial Reporting - Key Accounting Considerations for SMEs
Speaker: Claire Thomson & Lindsay Webber – OmniPro Practice Support
Time: 13:40 – 14:30
SMEs have faced, and continue to face, a number of uncertainties including COVID-19, Brexit, rising inflation and climate change. Technology is developing and changing at an incredible pace. How does this ever-changing and unpredictable landscape affect financial statements?
This webinar will cover some of the key accounting considerations for SMEs as they look towards preparing FY2022 financial statements, and the areas where accountants should be focusing their attention. For both preparers and reviewers of financial statements, this webinar will serve as a refresher of these chapters of the accounting standard, and the session will include both theory from FRS 102 and additional worked examples and useful tools.
You will learn about some of the practical difficulties in applying these sections and how to overcome these.
In this session, Lindsay Webber and Claire Thomson will cover the following sections of FRS 102:
- Section 1A – accounts of small companies, and the company law small companies’ regime
- Section 27 – Impairment of assets
- Section 32 – post balance sheet events
- Section 33 – related party transactions
By attending this session, accountants will refresh their knowledge of these areas of FRS 102, and be equipped with examples and tools to assist them as they prepare and review financial statements for their clients.
Monitoring Visits - What "Good" Looks Like
Speaker: Lindsay Webber & Claire Thomson – OmniPro Practice Support
Time: 14:30 – 15:20
Our Practice Support team are constantly reviewing audit files and Institute communications on a weekly basis identifying the key weaknesses on file reviews. In this session, Lindsay and Claire will share the insights of their experience from carrying out file reviews and assisting clients with pre- and post-monitoring issues, and will address common weaknesses in:
- Pre & Post monitoring visit issues
- Financial statement presentation
- Audit planning
- Audit execution
- Audit completion
This session will help attendees identify what areas are considered common problem areas and what areas reviewers deem important when reviewing audit files. This will assist attendees when reviewing their own work to ensure they are hitting the critical areas on audit files
When identifying the key weaknesses, Lindsay & Claire will also discuss the primary response to address the key weakness. This knowledge has been gained from their experience of dealing with Institutes on a regular basis.
Knowing the areas of weakness focused on by reviewers will assist practices to improve their own file preparation. This session will help improve the quality of audit files prepared by firms ensuring that key areas are addressed.
AML – How to Ensure AML Compliance Within Your Firm
Speaker: Elaine Jackson – OmniPro Practice Support
Time: 15:40 – 16:30
In this session, Elaine will focus on the Key Actions your firm can take to Ensure AML Compliance within your firm.
No firm wants to be used as a tool for money laundering, which is why awareness of money laundering, how it can occur and how to spot the types of people most likely to be involved in money laundering is so important. AML Compliance is about having the right policies, procedures, controls and monitoring in place. AML Compliance is an on-going activity in which all staff should be fully engaged.
Elaine will discuss the following topics;
- What does being AML Compliant mean?
- The role of the MLRO,
- Customer Due Diligence
- The Review Process
- Valid Documents
- Informing and Educating the Client
By attending this session, you will be able to implement improvements within your firm to ensure AML Compliance.
This session will be of most interest to all solicitors, Art Dealers, Accountants, Auditors & Tax Advisors
5 Things Firms Can Do Now to Get a Better Result in 2023
Speaker: Des O’Neill - OmniPro
Time: 16:30 – 17:20
Real life insights and practical actions for firm owners and senior team members to reduce stress and drive profitability.
In this session, Des O’Neill will cover the following topics:
- Rising Prices
- Keeping People
- Better Clients
- Knowing Your Numbers
- Winning Technology - A Strategy for Success
CPD Course Speaker
Tierney Tax Consultancy
Rose Tierney
Rose Tierney is a qualified Chartered Accountant and Chartered Tax Adviser in both the UK & Ireland. She previously worked as a director with a Big Four firm in Dublin and prior to that several years were spent in London advising businesses on tax planning and transactions.
In 2004, Rose established an independent Tax Practice, Tierney Tax Consultancy and has since then been advising clients in the SME sector and their accountants and solicitors on various aspects of Irish and UK taxation.
In 2004, Rose established an independent Tax Practice, Tierney Tax Consultancy and has since then been advising clients in the SME sector and their accountants and solicitors on various aspects of Irish and UK taxation.
Clarke & Co
Tony Clarke
A certified public accountant. He has in depth and detailed knowledge of the charitable sector including working with a range of funders and grant making bodes. Tony has a unique understanding of the wider sector and the challenges faced by charities especially relating to funding cuts and increased competition in the aftermath of Covid-19.
Tony has a wealth of experience working with CEOs and Boards assisting with organisational budgets, preparing, and presenting management accounts and payroll workings.
Tony has a wealth of experience working with CEOs and Boards assisting with organisational budgets, preparing, and presenting management accounts and payroll workings.
Grant Thornton
Claire Thomson
Claire is a qualified Chartered Accountant with the Institute of Chartered Accountants of Scotland, and trained with Grant Thornton Ireland. She spent 5.5 years in corporate audit, before moving to the firm’s risk & compliance team, where she spent 6 years supporting the all-Ireland practice as their UK financial reporting subject matter expert.
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she has now joined Grant Thornton Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK technical advice and support to local and international offices.
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she has now joined Grant Thornton Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK technical advice and support to local and international offices.
OmniPro Practice Support
Lindsay Webber
As a member of our Practice Support team, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training, technical assistance, and file reviews.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. Altogether, she has over six years external audit experience along with over six years academic experience specialising in Audit and Financial Accounting. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University and graduated with distinction from the MBA course at Trinity College Dublin. She is currently working towards a Diploma in Forensic Accounting through Chartered Accountants Ireland.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. Altogether, she has over six years external audit experience along with over six years academic experience specialising in Audit and Financial Accounting. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University and graduated with distinction from the MBA course at Trinity College Dublin. She is currently working towards a Diploma in Forensic Accounting through Chartered Accountants Ireland.
OmniPro Practice Support
Elaine Jackson
As a member of our Practice Support team, Elaine’s focus is on providing firm’s with assistance and training in the following areas; Anti-Money Laundering, Auditing, Preparing for Monitoring Visits and Post Monitoring Visit follow-ups.
Elaine has over 15 years Accountancy Practice experience which has provided her with a wealth of knowledge across all industries and sectors. Elaine is an AITI Chartered Tax Advisor, a Certified Public Accountant and holds a Diploma in Corporate Finance.
Elaine has over 15 years Accountancy Practice experience which has provided her with a wealth of knowledge across all industries and sectors. Elaine is an AITI Chartered Tax Advisor, a Certified Public Accountant and holds a Diploma in Corporate Finance.
Founder, OmniPro and CPD Store
Des O'Neill
Having worked for a number of years in practice, and with one of the profession’s regulatory and support institutes, Des co-founded OmniPro to develop tools, techniques, products and services that make accountancy more profitable and rewarding.
Des is passionate about bringing innovation to the accountancy profession and enabling accountants to achieve what they want from their careers and business. His core belief is that when empowered to achieve their best, accountants can deliver transformative results for clients.
He holds qualifications from the ACCA Association of Chartered Certified Accountants, CPA Institute of Certified Public Accountants and ACIS Association of Chartered Secretaries and Administrators.
Des is passionate about bringing innovation to the accountancy profession and enabling accountants to achieve what they want from their careers and business. His core belief is that when empowered to achieve their best, accountants can deliver transformative results for clients.
He holds qualifications from the ACCA Association of Chartered Certified Accountants, CPA Institute of Certified Public Accountants and ACIS Association of Chartered Secretaries and Administrators.