INSTITUTE
Institute News

Institute News

2022 Annual Report Now Available
Annual Report and Financial Statements 2022
The Future of Accounting
The CPA Ireland 2022 Annual Report – The Future of Accounting, was published on the 5th of April.

The report highlights the incredible progress CPA has made on some of the greatest challenges and opportunities facing the profession. It highlights the developments CPA has made in key areas such as Assessment; Digitalisation; Sustainability; Advocacy; Service delivery; Talent; and our global connections.

The 2022 report reveals how CPA Ireland has implemented these key areas in each of its strategic priorities: brand, product, people, customer centricity and global through several innovative initiatives.

To view the Annual Report

Can you help us reignite the accountancy profession?
In the past few years there has been a steady decline globally in the number of the younger generation entering the accountancy profession. At CPA Ireland we want your help to change the perception of an Accountant and raise awareness of the diverse career opportunities available both nationally and internationally.

Our current campaign message is to promote a visionary career in that you can go anywhere as a CPA Accountant. To solidify this message and make ourselves more relatable, we want to show prospective students where they can go by showcasing the career paths of our members.

If you think your career path could help us influence the younger generation, please email Claire at cryan@cpaireland.ie

Reminder:
We have changed our bank account to Allied Irish Banks
Please note that our Ulster Bank account is now closed.

Please inform your employer if they are currently paying your fees and ensure your own records are updated.

New bank details are displayed on invoices and are provided below:

Account Name: Institute of Certified Public Accountants in Ireland
Bank: Allied Irish Banks
Sort Code: 931012
A/c Code: 33721095
IBAN: IE44AIBK93101233721095
BIC/Swift Code: AIBKIE2D

Are your member contact details correct?
We would ask that you review and update correct contact details to ensure all communications are reaching you, especially email contact as this is our primary contact method.

If you have changed employment or circumstances have changed in recent times, it is important to review the details we hold. You can do this by logging in online. It is worth checking that your mailbox is not full, as it can then no longer hold new messages and will cause emails to bounce.

Have you paid your Annual Subscriptions?
Thank you to all members and students who have already paid their annual subscriptions, as it greatly cuts down on administration and workload.

For those members who have not yet paid, please bring your account up to date as soon as possible, as subscriptions are now overdue.

It is also important to check for any outstanding invoices or anomalies with your account. View Cart is a good place to check. For Practice Firms, you should check any fees charged to firm.

Reminders are issued periodically during the year. Sometimes your circumstances have altered, and we haven’t been notified. If you have queries on account balances, please do contact us to resolve. Contact details for all departments are available at www.cpaireland.ie

Mark Gargan headshot
Mark Gargan appointed President of CPA Ireland
Mark Gargan CPA has been elected 50th President of CPA Ireland. The election was announced at the 80th Annual General Meeting of Members which was held on 26th April 2023.

Mark graduated in Accounting & Finance from Dublin Business School in 1995. A CPA since 1999, he has spent over 20 years in practice and is currently a Partner in Niall Byrne & Company. The practice has been in existence since 1984 and carries out all aspects of general practice work.

He has also represented CPA Ireland on the CCAB-I Business Law committee since September 2007.

Clodagh Henehan headshot
Clodagh Henehan, Vice President, CPA Ireland
Clodagh Henehan has been re-elected as Vice-President of CPA Ireland. Clodagh was elected to the Council of CPA Ireland in February 2018.

Clodagh trained with Clibborn & Co. Ltd in Cork and qualified as a Certified Public Accountant in 1990. Clodagh has previously worked for the Office of the Comptroller and Auditor General and the Local Government Audit Service and was the Head of Finance for South Dublin County Council from 2004 to 2015.

Clodagh is currently employed as a Divisional Manager for Cork County Council. She has been an active member of the Institute’s Finance and Audit Committee since October 2012.

Michael Kavanagh headshot
Michael Kavanagh, Vice President, CPA Ireland
Michael Kavanagh has been elected as Vice-President of CPA Ireland. Michael was elected to the Council of CPA Ireland in 2018.

He will support elected President Mark Gargan, alongside fellow Vice-President, Clodagh Henehan.

Michael is currently CEO of the Compliance Institute (formally ACOI), a Board member and Chair of the audit committee of Carmichael, vice chair of the Sport Ireland/FAI Governance Oversight Group and current Chair of the Education Committee of the Institute.

In the past, Michael has been a member of numerous CPA committees and chaired the Institute’s Financial Reporting Committee.

He has acted in the past as examiner, lecturer, solution writer and moderator for a number of accountancy bodies’ professional exams and was a frequent presenter on auditing and accounting matters at accountancy body Continuing Professional Development events.

Tom Murray headshot
Patrick Kierans headshot
New Council Appointment at CPA Ireland
CPA Ireland is delighted to announce the election of two new Council Members in Tom Murray and Patrick Kierans who were elected to Council of CPA Ireland at the AGM on 26th April 2023.

Tom Murray is one of Ireland’s leading insolvency practitioners and has frequently appeared on our CPD programme and as an author in Accountancy Plus. Tom is on our CPD Committee and Skillnet Steering Group and also chairs the Insolvency Committee at CCABI. Tom takes over from Michael O’Regan who is retiring from Council.

Patrick Kierans is the founder and MD of Cork based Marketing Communications company, Dyjaho. Patrick is an experienced board director with a proven track record in marketing, business development and PR. Patrick will also join our Strategy Review Group and will be available as an adviser/mentor to our Business Development team.

Coming soon –
Diploma in Fintech and Machine Learning
Browser window displaying message "Gain a mastery of FinTech tools and practices" and Update You button
CPA Ireland is excited to announce that in November 2023, we are launching a Diploma in Fintech and Machine Learning.
Top 5 Reasons to engage.
  • Advance your career through upskilling in a growth area of finance.
  • Grow your client base by increasing your offering.
  • This course offers the option of completing a full diploma or attending just the modules of particular interest to you.
  • Learn about better ways to incorporate financial technology (FinTech) into routine operations.
  • Increase your knowledge of how to automate workflow.

Key decision makers in Financial Services continue to seek out better ways to incorporate financial technology (FinTech) into their routine operations. This course is designed to follow a hands-on and ‘learning-by-doing’ approach. The course comprises of four modules covered over 6 months.

Learners can opt to complete the full Diploma followed by an assessment or they can opt to take modules as standalone courses.

This course will equip you with a working knowledge of key innovations occurring in cryptocurrencies and payment systems and introduce learners to machine learning solutions for alert models and anomaly detection, now standard in industry.

All training will be video recorded so your learning can be adjusted to your pace and in your time. Hit the pause button or replay button to dial down or even dial up for fast learners with a fast forward option baked into the Canvas Platform dashboard.

Each live module is recorded with participants encouraged to engage with the trainer and each other.

The topics covered include:
  • Module 1: Digital Payments including Cryptocurrency
    2 days
  • Module 2: Automation for Accounting and Finance
    2 days
  • Module 3: Financial Regulation
    1 day
  • Module 4: Machine Learning Solutions for Financial Services
    2 days
Key Details:
How many days: 7 weekdays
Time each day: 10am – 4pm
Start: November 2023 – April 2024
CPD: 45 Hours (inc assessment) / 6 per day standalone
Who should attend?
CPAs and other qualified accountants working in both practice and industry.

Financial Service practitioners in the fields of Banking, Insurance and Wealth Management. Fund Accountants, Pension Fund managers and Data Analysts developing a specialism in the Finance Arena.

Prerequisites needed: None

Join CPA Ireland’s Quality Assurance Team
An opportunity has arisen to join CPA Ireland’s Professional Standards Team as a Quality Assurance Executive. 

The successful candidate will conduct Quality Assurance reviews throughout Ireland in addition to providing members with assistance on technical issues. Opportunities to assist in the development of CPD courses and enhance the effectiveness of technical committees.

As part of the Professional Standards team the successful candidate will be required to:

  • Conduct the Institute’s programme of Quality Assurance (QA) reviews from planning to reporting for selected practices, including onsite reviews throughout Ireland.
  • Assisting in devising measurable remediation plans for audit observations identified as part of QA reviews and tracking to completion.
  • Provide CPA Ireland members with assistance on technical issues, to facilitate them in providing a service in line with current best practice and legislation.
  • Assist in the development of CPD courses, services, products and communications to support CPA Ireland members in practice.
  • Deliver technical updates through the CPA Ireland CPD programme to members.
  • Enhance the effectiveness of technical committees in their consideration of proposed standards and legislation by providing technical input and other support.

For further details on this position and to apply please

Irish Accountancy Awards
The Annual Irish Accountancy Awards took place on the 25th May and celebrated the success of CPAs and other accountants for their contribution to the profession over the past 12 months.

We were delighted to recognise the achievements of CPA member Geraldine Ruane who was presented with the Global Contribution to Accountancy Award. Nominated by CPA Ireland, this award recognises and celebrates the significant international achievement of an accountant who exemplifies the global nature of the profession. Geraldine received this award for a career and life journey that “demonstrates how a global perspective combined with accounting and leadership skills can lead to significant economic and social benefits”.

At the ceremony Geraldine said that her ambition in her “current role as CEO of the RDS is to empower positive and sustainable change in Irish Society”. She encouraged the new generation of accountants to “enjoy the journey, be ambitious, travel and gain international experience embracing cultural diversity while fulfilling a rewarding career”.

Congratulations to all the nominees, in particular the CPA members who won the following categories:

CPA member Sheila Moran is a partner in the accountancy firm, Moran McNamara, who won the award for Small Practice of the Year.

CPA Member Jason Dowling who is a partner in the Medium Practice of the Year winner, Whelan, Dowling & Associates.

And to Jay Patel, a member of CPA Ireland through our Mutual Recognition Agreement with the Institute of Chartered Accountants of India, for the award won by Fintech Pro.

CPA Ireland Annual Conference
Thank you to all of our members and colleagues who attended the 2023 Annual Conference either in person or online, it was a great success. Thank you to our Conference Partner AIB, conference chair Sarah Freeman, editor Business & Finance and the wonderful speakers who provided valuable insights on Sustainable Finance, the Irish Fisheries sector, the economic outlook for the year, a smart and flexible world of work, Sustaining a Family Business and figuring out your next step in life. We look forward to providing more in-person networking events later in the year.
Mark Gargan, President, CPA Ireland presented Geraldine Ruane with her award on the night
Mark Gargan, President, CPA Ireland presented Geraldine Ruane with her award on the night.
Jay Patel & Mukesh Patel, Fintech Pro
Jay Patel & Mukesh Patel, Fintech Pro
Medium Practice of the Year, Whelan Dowling
Medium Practice of the Year, Whelan Dowling
Geraldine Ruane speaking at the podium
Geraldine Ruane, CEO of the RDS addresses the guests following her win for Global Achievement in Accountancy at the Irish Accountancy Awards
Ray Whelan, AIB, Mark Gargan, President, CPA Ireland, Eamonn Siggins, Chief Executive, CPA Ireland, Ellen Drumm, AIB, Clodagh Heneghan, Vice President, CPA Ireland, Colm O’Driscoll, AIB
Ray Whelan, AIB, Mark Gargan, President, CPA Ireland, Eamonn Siggins, Chief Executive, CPA Ireland, Ellen Drumm, AIB, Clodagh Heneghan, Vice President, CPA Ireland, Colm O’Driscoll, AIB
Mark Gargan, President, CPA Ireland, Caroline Boquel, CEO, Bord Iascaigh Mhara, Eamonn Siggins, Chief Executive, CPA Ireland, Maeve McElwee, Ibec, Sara Freeman, Business & Finance, Clodagh Heneghan, Vice President, CPA Ireland
Mark Gargan, President, CPA Ireland, Caroline Boquel, CEO, Bord Iascaigh Mhara, Eamonn Siggins, Chief Executive, CPA Ireland, Maeve McElwee, Ibec, Sara Freeman, Business & Finance, Clodagh Heneghan, Vice President, CPA Ireland.
Managing Director Retail Banking AIB, Jim O’Keefe leading a panel discussion
Managing Director Retail Banking AIB, Jim O’Keefe leads a panel discussion on Sustaining Family Business with Professor Maura McAdam, DCU National Centre for Family Business, Catriona Coady, Head of Tax, Goodbody.
Stephen Nolan at the podium
Stephen Nolan, Managing Director, UNDP Financial Centres for Sustainability (FC4S) & Head of Secretariat Sustainable Insurance Forum (SIF)
Sheila Moran, small practice of the year
Sheila Moran, small practice of the year
Resignations
Member ID
First Name
Last Name
Date
024181
Declan
Coote
21/07/2022
029551
Manunatha
Amaratunga
14/10/2022
029231
Jacobus van Wyk
Minnaar
18/10/2022
027408
Wu Thung
Chin
20/10/2022
015697
Donagh
Davern
22/12/2022
016638
Martin J.
McElvaney
03/01/2023
006970
Elizabeth
Fisher
18/01/2023
000044
John M.
Bolger
24/01/2023
001265
John
Spollen
02/02/2023
Removals
Member ID
First Name
Last Name
Date
005141
Fong Chong
Hoon
28/04/2023
Deaths
Member ID
First Name
Last Name
Date
000536
Joseph G.
Harrington
27/08/2022