Course Overview

The Companies (Accounting) Act 2017 introduced lower thresholds for group sizes. As a result of this, more groups are now classified as medium or large, meaning there are a larger amount of audited consolidations. The audit of a consolidated group presents a set of unique challenges for auditors which we will address during this webinar.

This webinar will cover the following topics:

Topic 1: Audit Standards for consideration on Group Audits

  • Specific Audit Standard for consideration ISA 600
  • Structure of the Consolidated audit File and Parent Audit File
  • Materiality in the context of Consolidated accounts and Group Audits

Topic 2: The Consolidation Process

  • How might the Consolidation process be done
  • Key aspects of Consolidated Accounts

Topic 3: Key Main Problems encountered in consolidations

  • Group Structures
  • Non-controlling interests
  • Fx Conversion
  • Other Key issues

CPD Course Facilitators:

Mike O’Halloran: Practice Support Executive, OmniPro

Mike, a member of our Practice Support team, is a qualified Chartered Accountant and Chartered Tax Advisor. He is responsible for carrying out hot file reviews, cold file reviews, annual compliance reviews, in-house training & supporting firms on a day to day basis.

Formerly a quality reviewer with Chartered Accountants Ireland, this role saw him visiting firms of various sizes across Ireland conducting audit, non-audit and anti-money laundering visits. Prior to this he spent 12 years working in small and medium sized practices. In these roles, Mike has gained a comprehensive knowledge of the profession and has worked with a broad range of clients across many industries.


Des O’Neill – Creator and Chief Delivery Officer at ProfitPro

Having spent 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.

With ProfitPro, Des has developed a proven practice management blueprint, enabling principals and partners to build less stressful, more profitable, and more rewarding businesses. The ProfitPro approach is based on the philosophy of creating a business that aligns with your business and life goals want rather than letting the demands of your practice dictate these for you.