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IAASA announces findings of its Enquiry into complaint against the Institute of Chartered Accountants in Ireland

Monday, 3rd March, 2014: Following the completion of a statutory Enquiry under section 23 of the Companies (Auditing and Accounting) Act 2003, the Irish Auditing and Accounting Supervisory Authority (IAASA) has determined that the Institute of Chartered Accountants in Ireland (‘the Institute’) failed to comply with its approved investigation and disciplinary procedures. Sanctions have been applied including fines totalling €22,000 and a requirement for the Institute to undertake a fresh investigation.

IAASA’s determination and associated sanctions were confirmed by the President of the High Court on 20 January 2014.

The full text of the Decision and general details about section 23 processes can be accessed by following the foregoing links.