Accounting in Ireland

Overview by

Accounting System

Accounting Standards
Ireland applies British accounting standards: SSAPs (Statements of Standard Accounting Practice) and FRSs (Financial Reporting Standards) of ASB (Accounting Standards Board). These accounting standards conform to international standards of IAS/IFRS.
Accounting Regulation Bodies
ICPAI, Institute of Certified Public Accountants in Ireland
ICAI, Institute of Chartered Accountants in Ireland
IATI, Institute of Accounting Technicians in Ireland
Accounting Law
Consult the accounting law on the website of Irish accountancy.
Difference Between National and International Standards (IAS/IFRS)
Irish GAAP will soon disappear in its present form to be replaced by a new version of the international rules
Accounting News
EIN News
International Accounting Standards Board

Accounting Practices

Tax Year
From January 1 to December 31.
Accounting Reports
The Fourth Directive 78/660/EEC contains detailed requirements relating to information disclosure, the classification and presentation of information and methods of valuation for the annual accounts of certain types of companies: balance sheet, profit and loss account, notes to the accounts.
Publication Requirements
Has to be conforming to the Companies Acts and IAS/IFRS norms.
The Directives provide for a system of auditing under which companies must have their annual accounts audited by one or more persons authorized by national law to audit accounts. Such a person or persons must also verify that the annual report is consistent with the annual accounts for the same financial year.
Consult the Directive 2006/46/EC of the European Parliament and of the Council.

Accountancy Profession

Certified public accountants and tax accountants are specialists providing accounting and tax support to companies operating in the country. Certified public accountants enjoy a monopoly on the performance of audits under the Certified Public Accountant Law, while tax accountants have a monopoly on tax agent services, preparation of tax documentation and tax consultations under the Certified Tax Accountant Law.
Professional Accountancy Bodies
Institute of Chartered Accountants in Ireland., Publishes the journal Accountancy Ireland
Chartered Institute of Management Accountants
Association of Chartered Certified Accountants
IATI, Institute of Accounting Technicians in Ireland
Association of Authorized Public Accountants
AIA, Association of International Accountants
Member of the International Federation of Accountants (IFAC)
Member of Other Federation of Accountants
Member of the European Federation of Accountants (FEE).
Audit Bodies
The Auditing Practices Board (APB) establishes high standards of auditing, meet the developing needs of users of financial information, and ensure public confidence in the auditing process. Companies refer to Irish Companies Act, and are yearly audited.

Any Comments About This Content? Report It to Us.

Read more See less

No content has been posted to this folder yet.
Be the first to feature your expertise related to Accounting in Ireland!

  • Post any content you may have that features your expertise, such as a text article with business tips, presentation, market report, etc
  • By sharing your knowledge you gain more visibility for your profile not only on but across the web

Post your content now by simply clicking on the button below.

Check these folders already populated with content posted by other users:

Click here to find out more about key benefits and instructions for contributing to the site.


Post any content you may have that features your expertise and offers valuable information to the international trade community.

The more informative content you post the more visible your will be, as your valuable content will link directly to your profile.

Check these sample pages for illustration: