Course Summary

Duration1 hour

PresenterJohn Murphy

Course Overview

In this course, we explore the hot topic of directors’ transactions and remuneration under the Companies Act 2014, as commenced by the Companies Accounting Act 2017.

Why you should attend

This course will be of benefit to all accountants advising Irish limited companies. Under the Companies Act 2014, directors’ transactions and remuneration are critical areas of disclosure and, equally, critical compliance areas for directors in fulfilling their directors’ duties. Despite the Companies Act 2014 having been in place for over three years, however, we regularly encounter errors in these disclosures in the statutory and abridged financial statements.

How you will benefit

This course will enable you to advise your company clients on compliant directors’ transactions and remuneration and the correct associated disclosures. We will talk you through disclosure extracts from sample financial statements and provide you with a directors’ transactions and remuneration disclosure checklist.

Specific areas of focus include

  • The legislative requirements in relation to directors’ transactions under the Companies Act 2014
  • The options for circumventing these requirements
  • The use of the summary approval procedure to allow otherwise prohibited loans to connected persons
  • The core requirements on remuneration for directors and for connected persons
  • Disclosure requirements under sections 305 to 312 of the Companies Act 2014

CPD Facilitators

Des O’Neill: Co-Founder and Managing Director, OmniPro

Having worked for a number of years in practice, Des O’Neill co-founded OmniPro to develop tools, techniques, products and services, empowering accountants to achieve their best. Over 15 years, he has grown the company to a multi-million-euro turnover business and established OmniPro as Ireland’s largest independent provider of CPD for accountants.

Des speaks regularly, at national and international fora, on practice development, auditing, accounting, company law and regulation. He is passionate about bringing innovation to the profession and empowering accountants to achieve what they want in their careers and practice.

John Murphy: Tax, Corporate Restructuring and Practice Support, OmniPro

As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing his technical knowledge on tax, financial reporting and auditing.

He provides support, training and advice to OmniPro clients on financial reporting, auditing and company law matter and conducts company valuations.  In addition, as a Chartered Tax Adviser, he advises on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits.

A Chartered Accountant and Qualified Financial Adviser, John has over a decade’s Big 4 experience with EY and PwC, providing tax and audit services for a portfolio of clients, ranging in scale from SMEs to multinationals.