INSTITUTE
Institute News

Institute News

Amalgamation Update
At the AGM held on Friday 17th May 2024, members of CPA Ireland voted to approve a resolution that would adopt changes to its constitution to facilitate the amalgamation with Chartered Accountants Ireland.

This follows the mandate of members to amalgamate both Institutes. As Chartered Accountants Ireland members also approved its bye-law amendments, the two Institutes will now continue to work towards a joint future.

Clodagh Henehan appointed President of CPA Ireland
Clodagh Henehan
Clodagh Henehan CPA has been elected 51st President of CPA Ireland. The election was announced at the 81st Annual General Meeting of Members which was held on 17th May 2024.

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.

Before her recent retirement Clodagh was 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,
Vice President, CPA Ireland
Michael Kavanagh headshot
Michael Kavanagh has been re-elected as Vice-President of CPA Ireland. Michael was elected to the Council of CPA Ireland in 2018.

He will support elected President Clodagh Henehan, alongside fellow Vice-President, Gillian Cregan.

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.

Gillian Cregan,
Vice President, CPA Ireland
Gillian Cregan headshot
Gillian Cregan has been elected as Vice-President of CPA Ireland.

Gillian is currently the Director of Finance and Operations at Law Society of Ireland. She has over 24 years’ experience as a Financial & Operations Executive within the global banking and insurance industries.

Gillian qualified as a Certified Public Accountant in 2001 and holds a Master of Business Practice from the University College Cork. She is also a member of the Institute of Bankers and Institute of Directors.

New Council Appointment at CPA Ireland
Geraldine Ruane headshot
Geraldine Ruane
CPA Ireland is delighted to announce the election of new Council Member, Geraldine Ruane, who was elected to Council of CPA Ireland at the AGM on 17th May 2024.

She has had a hugely succesfull career to date, with extensive expertise in drivng organisational change, and business growth Currently Geraldine is CEO of Gallantina Advisory, advising clients on how to succesffuly scale their businesses. She has also held positions such as CEO, RDS, COO, Trinity College Dublin, CEO, Ordanance survey Ireland and CEO, Chanelle Pharma Group alongside various Non executive Director roles.

various photos of Eamonn Siggins, Gail McEvoy, Mark Gargan, Brendan Brady, Trish O'Neill, Jude Condell, McEvoy Craig, and Dawe White from the award ceremony
Pictured L-R; Top Left (Eamonn Siggins, CEO, CPA Ireland, Gail McEvoy, CPA) Top Right (Gail McEvoy, CPA)

Bottom (Mark Gargan, President, CPA Ireland, Brendan Brady, Partner, Brady and Associates, Trish O’Neill, Director of Member Services, CPA Ireland, Jude Condell, Director Business Development, Eamonn Siggins, CEO, CPA Ireland, Gail McEvoy, Founder, McEvoy Craig, Alan Farrelly, Managing Director, UHY Farrelly Dawe White, Clodagh Henehan, Vice President, CPA Ireland).

Global Achievement in Accountancy Award
Congratulations to CPA Ireland member Gail McEvoy who was awarded the Global Achievement in Accountancy Award at the Irish Accountancy Awards in May.

Throughout her distinguished career, Gail McEvoy has been an exemplar in the accountancy profession.

For 25 years Gail’s firm, McEvoy Craig, has been a leader in accountancy in the Northeast region of Ireland. Providing excellent client services across accounting, taxation, audit, and business advisory, the firm has delivered these with a strategic mindset and a personalised service.

Her commitment to helping the accountancy profession deliver to its potential emerged when she first joined the Council of CPA Ireland in 2007. She served as the Institute’s President in 2011 and 2012.

Her commitment to accountancy extends beyond borders as she served on the board of the International Federation of Accountants (IFAC). This placed Gail, for six years over two terms, in the leadership of the organisation that represents 3 million accountants across 130 countries. Gail was also a member of the Planning & Finance Committee of IFAC from 2016-2019.

Gail balanced her work and life commitments across a 6-year term on the Board of IFAC and brought the voice of Small to medium Practice, and of the SMEs that sector represents, to the global accounting stage.

CPA Ireland CEO Eamonn Siggins and CPA Ireland President Mark Gargan during virtual meeting for the renewal of the Mutual Recognition Agreement
CPA Ireland and CA SRI Lanka MRA renewal
CPA Ireland and The Institute of Chartered Accountants Sri Lanka have renewed the Mutual Recognition Agreement.

CPA Ireland CEO Eamonn Siggins and CPA Ireland President Mark Gargan joined a virtual meeting with President of CA Sri Lanka, Mr. Heshana Kuruppu and completed the renewal of the Mutual Recognition Agreement (MRA) with The Institute of Chartered Accountants Sri Lanka on Thursday 25th April 2024. The Mutual Recognition Agreement recognises that global portability is becoming increasingly important for professional accountants around the world and strengthens the global relationships and opportunities for members of both organisations.

Under the agreement, members in good standing of either body will be considered for membership by the other body and enjoy the benefits that both organizations can offer. Members wishing to practice public accounting will be required to meet the specific regulatory and legal requirements in each jurisdiction.

Interested in becoming a Sustainability Assurance Service Provider?

CPA Ireland is accepting expressions of interest from members who wish to explore the pathway to becoming a Sustainability Assurance Service Provider (SASP).

Individuals who are approved as statutory auditors by CPA Ireland before 1 January 2026, can avail of transitional provisions for authorisation as a Sustainability Assurance Service Provider (SASP) subject to undertaking appropriate CPD to acquire the necessary knowledge of sustainability reporting and the assurance of sustainability reporting.

The Corporate Sustainability Reporting Directive (CSRD) provides for transitional provisions for the approval of statutory auditors as SASPs for the first two years of operation of the directive i.e., between 1 January 2024 and 31 December 2025.

During this time statutory auditors already approved or those who complete the process of approval for the purposes of statutory audit in accordance with Bye Law 13, Practice and Audit Regulations by 1 January 2026, will not have to fulfil the training requirements (exam/test and practical experience) for the assurance of sustainability reporting which will be required when the CSRD is fully implemented. They will however need to undergo continuing education relating to the assurance of sustainability reporting.

It is noted that transposition of the CSRD in Ireland is in progress, and the requisite powers to carry out approval functions are not yet provided for. However, CPA Ireland is actively preparing for the implementation of the legislation and in this regard is asking members who have an interest in finding out more to get in touch. Please contact Emer Kelly at ekelly@cpaireland.ie for further details.

large group photo of men and women at the 2024 Association and Institute Awards
CPA Ireland wins Innovation of the Year Award
CPA Ireland was crowned the winner of the Innovation of the Year award for the CPA Ireland metaverse at the 2024 Association and Institute Awards.

The award recognises a project, action or initiative carried out by an association, institute or society in Ireland that can best demonstrate true innovation.

The CPA Ireland Metaverse in association with CPA Ireland Skillnet clearly demonstrates these values by offering a method of learning never seen before in the accounting space.

Using virtual reality to provide learners with an immersive, motivating and fun way of learning, the CPA Ireland metaverse provides accountants with access to training in topics outside of their day-to-day tasks such as Robotic Process Automation.

Congratulations to the CPA Ireland team on the recognition of their hard work to bring this project to fruition, and we look forward to all that it will achieve in the future.

For more information on the CPA Ireland metaverse and training available

man and woman holding award at Student Enterprise Awards
Student Enterprise Awards 2024
CPA Ireland was delighted to sponsor the Finance Award at the Student Enterprise Awards Finals 2024, held at the Mullingar Park Hotel last Thursday the 9th of May.

The CPA Ireland Student Recruitment team had a great day at the event, and it was very inspiring to see all the upcoming entrepreneurial talent from second level students.

There is also a flair for finance as it was a very difficult decision for Jude Condell, Director of Business Development at CPA Ireland to pick a winning Finance Plan.

Speaking on the winning plan Jude commented:

“The research and time put in to achieve an efficient benchmark for the product price, along with the capability to keep production costs in house made this product really stand out from the rest.”

In the end the award went to Alex McVicor and his product Dripfeed, an innovative, simple to use, automatic plant watering system that is fully recyclable. DripFeed’s innovative self-watering plant system represents a groundbreaking solution for plant enthusiasts seeking hassle-free maintenance and optimal growth. Built around a small water reservoir, this system employs drip-feed technology to deliver precise amounts of water to plants over extended periods.

MyWorkpapers and CPA Ireland join forces to deliver innovation to accountancy practices across Ireland
CPA Ireland is delighted to announce a groundbreaking partnership with MyWorkpapers, a leading provider of cloud-based workpaper solutions.

This collaboration aims to transform the landscape of accountancy in Ireland by integrating CPA Ireland’s trusted audit and audit exempt year-end work paper content into MyWorkpapers’ innovative cloud-first platform.

The partnership between MyWorkpapers and CPA Ireland marks a significant milestone in the evolution of accountancy practices, helping users to centralise, simplify, and standardise their accountancy practices.

Mark Gargan, President of CPA Ireland, expressed enthusiasm for the partnership. He said “CPA Ireland is delighted to launch this product with MyWorkPapers. It brings together trusted audit and audit exempt working paper content with the innovative capabilities of a digital cloud-based platform.

The collaborative power of the product will allow accountancy practices to work in a new innovative way, supporting enhanced team engagement and collaboration while ensuring that firms adhere to current standards. The product includes additional supports and guidance to facilitate high quality engagements”.

Find out more on the My Work Papers website here:

2023 Annual Report Now Available
Switch Your Perspective

The CPA Ireland 2023 Annual Report is available now. To view the Annual Report

Annual Report and Financial Statements cover
Membership Changes:
Resignations
Member ID
First Name
Last Name
Date
023954
Godfrey
Bond
07/03/2024
024185
Laurence
Kiely
07/03/2024
006096
Henry
Duggan
02/04/2024
Deaths
Member ID
First Name
Last Name
Date
001867
James
Mullan
05/12/2022
001342
Eamonn T.
White
01/02/2024
Removals
Member ID
First Name
Last Name
Date
036500
Abhishek
Kasipathi
10/07/2023
030498
Amit
Verma
10/07/2023
021683
Asegere
Samuel A.
10/07/2023
027808
Dorothy
Igbadumhe
10/07/2023
007311
Elaine
Burke
10/07/2023
030501
Jessy
Ouseph
10/07/2023
003442
Johanna M
O’Leary
10/07/2023
006415
John
Finnegan
10/07/2023
030502
Jolly
Stephen
10/07/2023
005086
Karina
Holohan
10/07/2023
035466
Leena
Trivedi
10/07/2023
005574
M. Salah Saeed
Nafoukh
10/07/2023
021677
Mangesh Rege
Rege
10/07/2023
031366
Muhammad
Usman
10/07/2023
021428
Okpoi
Ebimotimi Godspower
10/07/2023
036128
Rahul
Hooda
10/07/2023
030506
Sanjeev
Bansal
10/07/2023
030507
Sarel Frederick Stephanus
Van Aswegen
10/07/2023
030193
Saurabh
Chadha
10/07/2023
029224
Selina
Mulrennan
10/07/2023
002900
Susan
O’Sullivan
10/07/2023
030195
Sushil
Phogat
10/07/2023
030509
Vartika
Bansal
10/07/2023
024107
Martin
Craul
29/02/2024