Session 1: Forensic Accounting – What it is, and the Application of Forensic Accounting Skills in Practice and Industry
Forensic Accounting is essentially the application of an accountants analytical and technical skills to investigations, disputes, and other reviews which could end up in a court of law.
The gathering, analysis and reporting of accounting information, the giving of evidence based thereon, in an unbiased manner are critical skills.
Both written and verbal communication skills are the hallmark of a technical expert.
In this session, Dermot Madden will be covering the following topics:
- What exactly is Forensic Accounting?
- Forensic Accounting versus Auditing
- Experience required and Critical Skills
- Spotting fraudulent behaviour
- Types of Engagements
- Writing Reports as an expert
- Courtroom Performance and Bias Issues
- The Application of Forensic Thinking Across Practice and Industry
- Taxation Forensics
- Anti-Money Laundering Forensics
- Client Acceptance Forensics
Session Facilitators: Dermot Madden – Madden & Company
Session 2: Personal Insolvency – The Pathway to Recovery from Unmanageable Debt
Coming out of the Covid recession, some of your clients may now be struggling with arrears of debt and need a ‘Reset Button’.
Personal Insolvency is the route by which individuals can restructure their debts to a manageable level, this includes mortgages, secured & unsecured debts and frequently Revenue debt as well.
This course will bring you through the four different solutions available, what is meant by debt repayment affordability and real case studies of individuals who have taken this path and how their debts have been written down, sometimes written off, so that repayments are affordable for the future.
By becoming aware of the potential benefits of the solutions available under Personal Insolvency for their clients, accountants can help their clients through the journey and their relationship is strengthened for the future when their clients financially recover.
Session Facilitators: Claire Kelly – My Debt Solution
Session 3: Anti-Money Laundering Practice Essentials Update
This session pulls together what accountants working in practice need to know about Money Laundering as we face into 2022.
Des O’Neill and the OmniPro Team look at
- the legislation and the requirements;
- the practical application of the legislation and the guidelines;
- what we must now do to comply, and:
- what the expectation are of the Institutes and the relevant regulatory authorities in their monitoring.
Accountants need to do money laundering CPD every year. If you are going to do 2 hours on AML in 2021 make it these 2 hours.
- What’s New in 2021 – The Criminal Justice (Money Laundering & Terrorist Financing) (Amendment) Act 2021
- In the real world – The Role of the MLRO, AML Red Flags and Suspicious Activity Reporting
- What’s happening in Monitoring Visits including CDD, AML Procedures and ACRs
- What’s coming in 2022 and Beyond
Session Facilitators: Des O’Neill, Susan Hanan, Lindsay Webber – OmniPro
Session 4: Current Auditing and Reporting Issues
The Covid pandemic fundamentally changed our world over the last 12 – 18 months and its impact has been far reaching. Auditing, the role of the auditor and how we do our work has been impacted. This session will cover the main issues affecting auditors and their companies as encountered by the OmniPro Practice Support team in the last 12 months.
During this session we will cover;
- Monitoring Visit updates;
- Key audit issues;
- Independence & ethical matters;
- ISA 240 ‘Fraud’;
- ISQM 1 & 2 & ISA 220;
- Going Concern;
Session Facilitators: Colm Owens – OmniPro
CPD Course Facilitators:
Dermot Madden – Madden & Company
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 currently holds the position of Chair of APIP, the professional representative body of PIPs and has been active at committee level for the last 3 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 advise and a realistic assessment of how their debt problems can be restructured working between the Debtors and the banks.
Des O’Neill – 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.
Susan Hanan – OmniPro
Susan is a Fellow of the Association of Chartered Certified Accountants (ACCA) and have over 25 years’ experience in professional services, with 14 years specialising in regulatory compliance.
She was a member of the senior management team and Head of Governance, Risk & Compliance (GRC) at FinReg Global, an Irish fintech company. Prior to FinReg, she was Director in Regulatory at EY Ireland and a member of the Auditing and Assurance Committee (AAC) of Chartered Accountants Ireland. Prior to EY, she was an Inspector with Chartered Accountants Ireland for 10 years.
Susan is a people person and enjoy collaborating with others to achieve the best results.
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.