Technical Mix
Registering for CPD Fest 2022 couldn’t be more straightforward. We have three packages for you to choose from – 8 hours, 16 hours and 24 hours of CPD – allowing you to customise the event to your own specific needs. Once purchased, pick ‘n’ mix the topics of most interest and relevance to you from any of the sessions running across the week of CPD Fest 2022.
CPD Fest Packages:
The 12 Gifts Of CPD Fest
Over the coming weeks we are going to give you advance access to hugely valuable extracts from the note packs The CPD Fest & The Essential Advisors’ Mix.
With The 12 Gifts of CPD Fest you will get guides, financial statements, checklists, tools, tax papers, letters of engagement and reports all the way up to and including the kitchen sink!
Registration for The 12 Gifts Of CPD Fest is free, quick and straight forward and you can do so here:
Event Details:
Session 1: Practical Personal Insolvency – The Guide to Right-Sizing Your Debts
Time: 09:00 – 10:40
Speaker: Claire Kelly – My Debt Solution
If you have heard clients speaking about how tough cashflow is & what pressure their lenders are putting on them, then you need to know about Personal Insolvency.
Accountants and Advisors are seeing more and more individuals struggling financially. The question is how can they help and guide them to a solution?
Against a background of employment and business uncertainty, high interest rates, cost inflation, Funds taking over loans from pillar banks with different debt collection approaches, many people urgently need a personal restructure on their mortgage and other debts to return to an affordable level of repayments.
This is going to become more challenging as Revenue require later this year, payment plans to be set up for debt currently warehoused due to the Covid pandemic. By being aware and knowledgeable about Personal Insolvency, you can advise and help your clients prepare and try to recover their debt position and help them become more successful in the future.
In this session, Claire Kelly will cover the following:
- Personal Insolvency – what it is and recent developments in legislation and the courts
- The 4 Personal insolvency Solutions – what they are, when they apply and how to use them
- Reasonable Living expenses & affordability calculations – how much is allowed for a family day to day costs & assessing what is affordable for debt repayments
- 10 steps to a Personal Insolvency arrangement
- Case studies – Real Personal Insolvency solutions which work
The session will allow attendees to be familiar with the personal insolvency solutions which are available to individuals and what debts can be reasonably dealt with and restructured.
From this, they will be able to identify the risk factors early and proactively advise individuals on the solutions available to resolve problem debts.
This course will support an Accountant’s ethical obligations to have sufficient knowledge to appropriately advise their clients in financial difficulty.
Session 2: Forensic, Company Law and Tax Awareness in Day-to-Day Practice
Time: 11:00 – 12:40
Speaker: Dermot Madden – Madden & Co
There are many issues which involve forensic thinking, company law and taxation, and their inter-relationships, which professionals need to keep in mind, as they advise clients, or work as professional accountants in industry.
Being aware of such relationships will enhance the professional`s critical thinking skills as he or she ponder issues or advise on potential courses of action.
This will enhance their ability to add value to their work for their clients or employers.
In this session, Dermot Madden will cover the following key issues:
Day to Day Forensics
- What exactly is Forensic Accounting?
- Experience required and critical skills
- Fraudulent Behaviour – how do you detect and report this?
- Types of engagements
- Report and Letter writing techniques for professionals
- Expert Witness testimony
- Critical and Evidence based thinking skills for Accountants
- Legal Environment for Accountants
- Tax Forensics
- Anti – Money Laundering Forensics
- Client acceptance Forensics
Day to Day Company Law & Tax Awareness
- Why Incorporate?
- Company Types – advantages / disadvantages
- Directors – Company Law & Tax Issues compared
- Financial Accounting – Company Law & Tax Issues compared
- Regulatory Reporting to be aware of
Specific Issues:
- Contracts of and for services
- Employee & Directors Expenses
- Termination payments
- BIK`s & Perks
- Distributions
- Loans
Reliefs involving Company & Tax Law:
- CGT Incorporation Relief
- CGT Company Share Buy Backs
This session is a synthesis of issues involving forensic thinking, company law and law tax. It will enhance the critical thinking skills of the professional adviser.
Session 3: An Accountants Obligation to Report - Money Laundering, Fraud, Theft, Tax Offences, Company Law Breaches and More
Time: 13:40 – 15:20
Speakers: Elaine Jackson, Lindsay Webber – OmniPro Practice Support
In this session, Elaine will focus on the Reporting Obligations of Accountants.
Elaine is specifically going to address instances when an Accountant must report a Money Laundering offence, a Fraud offence, a Theft offence, a Tax offence, and Company Law breach. Elaine is also going to briefly discuss an Accountants Obligation to Report instances of non-compliance in relation to certain types of entities and the firm itself!!
No firm wants to have to report their client for any of these types of offences. Sometimes, your client is not aware that the offence they have committed is a serious reportable offence. Therefore, the information you obtain here today can be used to better inform your client of their obligations to comply with the relevant laws and regulations.
In this session Elaine will cover the following topics:
Reporting:
- Money Laundering Offences
- Fraud Offences,
- Theft Offences
- Tax Offences
- Company Law breaches
- Non-Compliance
By attending this session you will learn a broad understanding of the Reporting Obligations of an Accountant and a broad understanding of the Laws & Regulations affecting all companies.
This session will be of most interest to all Accountants, Auditors, Tax Advisors, Company Directors, Company Financial Controllers.
Session 4: Common Issues Arising from Monitoring Visits: Audit and AML
Time: 15:40 – 17:20
Speakers: Colm Owens, Lindsay Webber – OmniPro Practice Support
In this session, Colm Owens and Lindsay Webber will discuss the issues they have seen arising from monitoring visits over the past year. They will also consider the issues reported by the FRC, IAASA and institutes as well as the common issues they see in helping clients prepare for monitoring visits and responding to the same.
The session will provide auditors with a good insight into some of the more common errors and issues and help them deal with these as they go forward into 2023.
The following topics will be covered:
- An overview of the monitoring process
- Preparing for your monitoring visit
- Post your monitoring visit
- AML matters
By attending this session, you will be able to avoid some common pitfalls and improve your audit and AML files
CPD Course Facilitators
Dermot Madden - Madden & Co
Dermot Madden has over forty years’ experience working at senior levels in the Revenue Commissioners and the Office of the Director of Corporate Enforcement (ODCE).
He is a former Commissioned Inspector of Taxes who lead the DIRT enquiry audits on behalf of the Revenue Commissioners.
He was the senior Forensic Accountant in the ODCE for over fourteen years.
He has substantial and unique courtroom experience in giving expert witness testimony.
He has authored grounding affidavits in major white collar criminal cases.
He has lectured and examined Forensic Accounting in Trinity College Dublin.
He will bring his unique experiences, insights and advices to accounting and auditing professionals, who may be engaged as an accounting expert to provide written reports, which may be the basis of expert testimony to be given in a court of law, and be cross examined upon.
Claire Kelly - My Debt Solution
Claire Kelly, Auditor & Personal Insolvency Practitioner based in Newbridge, benefits from both experience in accounting & auditing, and expanded her practice into providing solutions to clients in the area of Personal Insolvency since the legislation was introduced 6 years ago.
She is an active member of the Association of Personal Insolvency Practitioners (APIP) the professional representative body of PIPs, having held the position of Chair of APIP in 2020, and has been active at committee level for several years including representing the profession for media activities working with the Insolvency Service of Ireland and their communications team for the ABHAILE scheme which provides funding for debtors at risk of losing their home.
Her team operate a balance of professionalism and empathy for insolvency clients providing expert advice and a realistic assessment of how their debt problems can be restructured working between the Debtors and the banks.
Elaine Jackson - OmniPro Practice Support
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, Audit Testing and Walk Through Procedures, Audit Planning and Efficiency, OmniPro Audit Working Paper Demos, 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.
In her previous roles, Elaine has experienced a number of ACA and ACCA monitoring reviews. This experience has provided Elaine with a great understanding and appreciation for the challenges facing Accountants in practice today.
Lindsay Webber - OmniPro Practice Support
As a member of our Practice Support team, Lindsay’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.
Lindsay is a qualified Chartered Accountant and trained with KPMG in Johannesburg. She has over six years external audit experience along with over six years academic experience specialising in Audit and Financial Accounting.
Colm Owens - OmniPro Practice Support
As a member of our Practice Support team, Colm’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.
Having spent the last 6 years as a quality reviewer with Chartered Accountants Ireland Colm has a unique insight into how firms operate, the challenges facing firms and how firms are responding to current issues facing them and the profession.
CPD Fest is brought to you in association with Xero.
