INSTITUTE
Institute News

Institute News

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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

New! CPA Metaverse School of Innovation
At the CPA Ireland President’s Dinner on the 20th September we were delighted to welcome Skillnet Ireland and Sia Partners to join us in launching the latest in innovative Learning & Development – The CPA Metaverse.

Robotic process automation (RPA) is a rapidly growing field, and the demand for skilled RPA professionals is only going to increase in the years to come. However, teaching RPA can be challenging, as it requires learners to understand complex concepts and procedures. To meet this challenge, we have developed a programme using virtual reality.

In conjunction with our VR developers, Sia Partners, with funding from Skillnet Ireland, CPA Ireland Skillnet has created a highly engaging and fun way to help learners better understand the benefits, pitfalls and organisational applicability of an RPA process. Once the learners have studied the academic and theoretical content on our Learning Management System, Canvas, they can enter the virtual world to apply what they have learned.

CPA Metaverse immersive learning
How it works:
There are 8 interactive stations which leaners must navigate through:

  • Three scavenger hunts: working in teams the learners will search the School of Innovation for various objects which represent different aspects of the RPA solution. The learners will have to work in teams – one person can pick up an object which will launch a card explaining what the object represents. To gather more information, they will need to work with someone who can hold the magnifying glass – by using both together the learner will get more information about the object.
  • Impact ranking: Place objects that represent different parts of the implementation process on podiums from least impactful to highest.
  • The data tracks: There are three data tracks, large, medium and small for both manual and RPA processing. The learner has the opportunity to move around the innovation hub on a track to help them feel the difference between an RPA data set which is fast and straight forward and a manual data set which is slower and less straight forward.
  • The process builder: At this station the learners will be asked to combine what they have learned during the three scavenger hunts and complete a full RPA implementation plan by once again arranging the correct objects on the three podiums.
  • Data visualisation: This is a dynamic data solution with a simple Bar Graph, object Visualizations, Light animations, Interactions with Data (& Data Views), Capability to dig into meta data and the Simple Filtering of Data. This station will give the learner an exceptional viewpoint of how data works.
  • Case study/elevator pitch: working as a team the learners will have a few minutes at the end of the VR session to review a case study for an organisation that is looking into applying an RPA process. They will work together to put a plan in place for how best to adopt RPA. Once they have that finalised, they will pick up a virtual phone and call the trainer/administrator in the real world to give their pitch.
digital illustration of white badge with green leaf in the middle
Micro-credentials
New! Sustainability Micro-credentials
Later this month CPA Ireland Skillnet is launching a series of stackable sustainability micro-credentials based on different areas of our Sustainability Hub.

These micro-credentials will ensure we provide our members and students with the best possible education in topics of such high importance. The micro-credentials will cover the following areas:

Sustainability Standards: Navigate the evolving landscape of sustainability reporting.

Sustainability Assurance: Independent examination of an organisation’s sustainability performance.

ESG Challenges: Invest in building the necessary capabilities to overcome ESG challenges.

ESG Strategy: Align your organisation with the goals of creating a more sustainable and equitable future.

Each Micro-credential will include an online assessment which can be taken in your own time or learners can opt to complete all micro-credentials to gain the overall Certificate.

Eamonn Siggins and Pat Byrne holding capitalcu sign
Pictured L-R: Eamonn Siggins, CEO, CPA Ireland and Pat Byrne, CEO Designate, Capital Credit Union
CPA Ireland and Capital Credit Union launch new Student Finance Scheme
During the summer, CPA Ireland launched a new Student Finance Scheme in partnership with Capital Credit Union which sees CPA students qualify for student loans from the credit union at a competitive APR of 6.7%.

CPA students are professional students or career changers working in full time jobs. Banks often won’t recognise them as ‘students’ and it can be harder to qualify for a student loan which has preferential interest rates.

CPA students will benefit from a range of benefits offered by Capital Credit Union including:

  • Low interest rate – only 6.7% APR
  • Flexible repayment options
  • No penalty fees on early repayment of a loan
  • Free loan protection insurance (subject to terms and conditions)
  • No fees or charges on their accounts.
  • Online access to their accounts 24/7

Pat Byrne, CEO – Designate, Capital Credit Union said; “Investing in people who are studying to build a new career is a smart investment and with our online platform, we can now support CPA students wherever they live, study or work.  95% of our student loan applications are approved and we’ve streamlined the application process to make it easier to apply and be approved quickly.   We offer a full range of flexible products and services – both online and in person – and becoming a member of Capital Credit Union will benefit CPA students throughout their lives. As a member they will also have a voice and a say in our future.”

Further information is available on the Capital Credit union website and the CPA Ireland website

Capital Credit Union has branches in Dundrum, Sandymount, Ballinteer, Knocklyon, Drimnagh, Francis Street, Leopardstown and Sundrive Road.

two workers sharing a desk facing each other while on computers
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

SMEs face surge in audit costs as auditor numbers slide
In a recent Irish Times article, Mark Gargan, President, CPA Ireland calls for adoption of lighter-touch regulation for smaller companies to ease pressure on audit.

Companies could see their audit costs double over the coming years as a growing number of accountancy practices move away from the business, one of Ireland’s accountancy bodies has warned.

It is calling for a review of the audit standards which must be applied to smaller businesses.

“The growing shortage of accountants, rising costs and the increasing regulatory requirements of audits have all resulted in a significant drop in the number of audit firms in Ireland in recent years,” Mark Gargan said.

“This scarcity can only result in one thing, a jump in costs for businesses, which many may struggle to bear.

Resignations
Member ID
First Name
Last Name
Date
008109
Gillian
O’Neill
2022 – Date unknown
001789
David
Marshall
07/03/2022
007200
Sandra
Fisher
16/02/2023
005877
Hilda
Pratt
17/02/2023
003997
Keith
Horgan
28/02/2023
002302
Brian
Walsh
10/03/2023
015876
Patrick
Dolan
14/03/2023
002026
Declan
Rigney
22/03/2023
003636
Dermot John
O’Leary
15/05/2023
033427
Halleluyah Ebunoluwa
Ojo
17/05/2023
029559
Marika Roelien
le Roux
17/05/2023
006538
Valerie
Spillane
17/05/2023
000527
Francis
Hanley
18/05/2023
007359
Cliona
Archer-Good
29/05/2023
024206
William
Irwin
30/05/2023
001462
Kevin
Coleman
15/06/2023
003377
Gráinne
Heneghan
20/06/2023
Deaths
Member ID
First Name
Last Name
Date
000696
Patricia
Kirke
28/09/2020
005256
Joseph Kaison
Chang-Wailing
2022 – Date unknown
Removals
Member ID
First Name
Last Name
Date
026798
Martin
O’Brien
19/05/2023
007316
Marjorie
Campbell
10/07/2023
016129
Brian
Hehir
10/07/2023
003122
Jonathon P.
Lyons
10/07/2023
005794
Fiona
McKenna
10/07/2023
024233
Barry
Hodkinson
10/07/2023
003316
Niamh
Creighton
10/07/2023
028090
Asmau Bimpe
Yusuf
10/07/2023
029549
Aman
Kedia
10/07/2023
030180
Jitin
Kapoor
10/07/2023
030188
Nitin
Jain
10/07/2023
030499
Anish
Sonak
10/07/2023
030993
Kanchan
Neurgaonkar
10/07/2023
031357
Avdhesh
Bansal
10/07/2023
033403
Rajat
Malani
10/07/2023
029561
Kulraj
Sharma
10/07/2023
031863
Nikunj
Sharma
10/07/2023
031954
Nishant
Bafna
10/07/2023
030637
Azhar
Ikram
10/07/2023
030638
Gaurav
Aggarwal
10/07/2023
030639
Jaise
Sebastian
10/07/2023
031005
Mohammad Taymur Shah
Chowdhury
10/07/2023
031364
Kushal
Shah
10/07/2023
021014
Syed
Azam
10/07/2023
007468
Dermot
Slattery
10/07/2023
005949
Atef A.
Nagib
10/07/2023
008042
Ava
Zbinden
10/07/2023
021684
Margaret
Ekpo
10/07/2023
031027
Tarun Kumar
Ahuja
10/07/2023
031362
Jesuwunmi Caleb Daniel
Adeaga
10/07/2023
030511
Vivek
Aggarwal
10/07/2023
030197
Tushar
Goyal
10/07/2023
030196
Swatantra Kumar
Singh
10/07/2023
030190
Rohit
Kumar
10/07/2023
030192
Sahil
Arora
10/07/2023
030191
Shaif
Mahmood
10/07/2023
023141
Mohammed
Geidam
10/07/2023
022991
Yusuf Aji
Amshi
10/07/2023
022988
David Ochoche
Ijachi
10/07/2023
022975
Gert
Cloete
10/07/2023
026837
Comfort Gbemisola
Ajayi
10/07/2023
025900
Adeniran
Gbolagade Jacob
10/07/2023
035727
Jayeta
Sharma
10/07/2023
033756
Deepanshu
Arora
10/07/2023
033750
Ajay
Tayal
10/07/2023
033402
Rajesh Reddy
Ambati
10/07/2023
024401
Peter
Nongo
10/07/2023
023361
Gordon
Akpoduado
10/07/2023
025919
Stephen
Joseph-Omotoso
10/07/2023
025903
Umaru
Buba Kinafa
10/07/2023
025746
Rabih
El Selfani
10/07/2023
025097
Anil
Jain
10/07/2023
025086
Sa’adatu
Ahmed Yero
10/07/2023
025073
Habu Bomoi
Masaya
10/07/2023
027399
Gopal
Vijayabhaskar
10/07/2023
027405
Md. Belal
Alam
10/07/2023
027404
Ibrahim Abiodun
Yusuf
10/07/2023
027398
Ghosh
Suman
10/07/2023
026854
Stanley Lukpata
Okputu
10/07/2023
028096
Wayne
Nel
10/07/2023
028094
Sahana
Vasudeva
10/07/2023
028092
Geraldine
Abu
10/07/2023
028091
Dauda
Abu
10/07/2023
028777
Uwomano
Okotie
10/07/2023
028776
Olasoji Olugbenga
Oginni
10/07/2023
028364
Abdul Basit Ahsan
Altaf Hussain Bhatti
10/07/2023
028360
Iyede
Oke
10/07/2023
029218
Ayodeji Emmanuel
Ojo
10/07/2023
029217
Lola Fausat
Akinsola
10/07/2023
029214
Sandeep
Jain
10/07/2023
029212
Parteek
Singla
10/07/2023
029219
Muhammad Abba
Aliyu
10/07/2023
030177
Blessing
Anaja
10/07/2023
027801
Sudhindra Kumar
Karnam Nagaraj
10/07/2023
011450
John
McElearney
10/07/2023
005074
Thomas
Power
10/07/2023
001718
John
Kennedy
10/07/2023
000483
Paul
Gilsenan
10/07/2023
015480
Sara
Murphy
10/07/2023
030989
Gaurav
Gupta
10/07/2023
008318
Michael
Breen
10/07/2023
020755
Muhammed Osman
Naseem
10/07/2023
004592
Deborah
Boylan
10/07/2023