CPDStore Ireland

29 Sep, 13:30

Using a Coaching Style to Enhance Leadership Skills & Performance

Speaker: Maura Dolan - LECI

Some managers and leaders get to where they are through a good work ethic, learning the ropes and becoming technical experts. However, these skills alone are not enough to lead, develop your workforce and achieve maximum performance. To truly lead one must learn effective coaching techniques.

Adopting a coaching style put the employees in the driver’s seat, empowering them to make their own choices, problem solve and analyse and take responsibility.

Coaching is a key factor in building a successful workforce, professional development should not only include coaching but also teach managers, leaders, and team members how to coach and how to use coaching skills effectively.

In this session, Maura Dolan will cover the following:

• Difference between coaching & mentoring
• Definition of Coaching
• How using a coaching style
• How coaching conversations adds value to performance
• Understanding Basic Coaching skills

By attending this session, you will:
• Learn how to use a coaching style conversation in the workplace to enhance performance

• Develop an understanding of coaching skills and a coaching model
• Gain knowledge of how to enhance performance and effectiveness in the workplace

Sep 29, 14:25

Watchlist: Changes to Solicitors Accounts Regulations

Speaker: Colm Owens, Lindsay Webber – OmniPro Practice Support

With continued media attention on solicitors when things go wrong, the role of the Reporting Accountant continues to come under scrutiny from both the Law Society and the various Accountancy Bodies.

With that backdrop the purpose of this session is to deal with the provisions of the solicitor’s accounts regulations focussing particularly on the role of the reporting accountants & the key proposed changes to the regulations, to give an insight into the types of issues that the Law Society investigating accountants encounter and identify risk factors when reporting on solicitors accounts.

In this session, Colm Owens and Lindsay Webber will cover:

• The Legislative Requirements – Solicitors Accounts Regulations 2014
• The Proposed Updates to the SARs;
• The Law Society Accountants Report & Reporting of Breaches of the SARs
• Planning a Solicitors Engagement & the Requirements of the Reporting Accountant;

By attending this session you will obtain an understanding of the key proposed changes to the Solicitors Accounts Regulations, on the role of the reporting accountants, to give an insight into the types of issues that the Law Society investigating accountants encounter and identify risk factors when reporting on solicitors accounts.

Sep 29, 15:30

ISQM1 - Implementation Guidance

Speaker: Elaine Jackson, Colm Owens - OmniPro Practice Support

This session is relevant to all audit firms who, in accordance with the International Standard on Quality Management (ISQM), must design, implement and operate a system of quality management for audits or reviews of financial statements, or other assurance or related services engagements. With the implementation date of 15 December 2022 fast approaching firms need to get ahead of this as all firms should have a complaint ISQM1 manual in place by the effective date so they can assess its effectiveness 12 months later.

ISQM1 requires firms to move from a compliance based approach to a risk-based one, using a proactive and tailored approach to managing the quality of audit engagements. Firms will now need a proactive response to changing circumstances, proactively managing or mitigating risks, and promoting continual improvement and responsiveness. This will include an increased emphasis on monitoring the system as a whole and timely and effective remediation of issues. Therefore, the importance of the ACR as part of your ISQM1 policies & procedures cannot be emphasised enough not only from a compliance point of view but also from a learning and quality improvement perspective.

As we transition from ISQC1 to ISQM1, the ACR / CFR process will be a key tool to demonstrate your firm’s approach to quality management and overall compliance with ISQM1. As part of the monitoring visit process, all the Institutes will assess and evaluate the standard of the firms ISQM1 together with the effectiveness of its ACR / CFR process.

In this session, Elaine Jackson will discuss the following topics:

• The objective of ISQM1
• The Risk Assessment Process
• The Quality Objectives
• ISQC1 elements brought into ISQM1
• Tips for ISQM1 Implementation

By attending this session, you will understand what ISQM1 is all about and obligations it brings for you practice.

29 Sep, 16:25

Financial Reporting - Key Issues in 2022

Speaker: Lindsay Webber, Claire Thomson - OmniPro Practice Support

The current economic environment in both Ireland and across the world continues to present challenges for preparers of financial statements. This session will cover some of the key matters that preparers should take into consideration as they prepare financial statements for their clients.

The session will also benefit reviewers and auditors of financial statements, looking at some of the more complex and evolving areas of financial reporting. The content will cover some of the key considerations for financial statements and areas that our customers have found challenging over the past months.

In this session Lindsay Webber and Claire Thomson will cover the following:

• Accounting for impairments
• Post balance sheet events
• Accounting for related party transactions
• Accounting for climate change

By attending this session, accountants will gain a better understanding of some of the key considerations in preparing financial statements over the next few months. Reviewers of financial statements will also gain insight into the more complex areas of FRS102 and current areas of interest for regulators.