This page presents an overview of instructions and guidance for small practices to prepare during the transition period following Brexit.
Find out how to prepare for Brexit.
BEIS and the FRC have issued on 22 February 2019 five documents that set out the necessary steps all audit firms (large and small) should undertake to prepare for Brexit including no-deal outcomes.
Information for firms that undertake audits of Irish entities.
The recognition of professional qualifications is a significant issue which is being considered as part of the Brexit withdrawal negotiations as well as in the context of the future relationship between the UK and EU27. But it is important to place the issue in context.
Amended requirements impacting on Public Interest Entity (PIE) audits
Auditors of UK companies (ie, companies incorporated in the UK) with listings on the Irish Stock Exchange, (such as listed debt), will be required to register with IAASA as third country auditors at the end of the transition period (31 December 2020) unless their registration continues to be accepted on the Irish audit register.
Find out more about the potential implications of Brexit on the provision of accountancy and related advisory services, as well as on accountancy training and qualifications.