Authority agrees Terms of Settlement with the Institute of Chartered Accountants in Ireland

Friday, 29th October, 2010: Following the completion of a Preliminary Enquiry and the subsequent initiation of a Full Enquiry under section 23 of the Companies (Auditing and Accounting) Act 2003, the Authority and the Institute of Chartered Accountants in Ireland have agreed Terms of Settlement (‘Settlement’) on the basis that it has been determined that the Institute failed to comply with its approved investigation and disciplinary procedures. The Settlement, which details the Authority’s findings and the associated sanctions, can be viewed here.