Auditors Professional Oversight Oversight of Audit Approval of CPA Ireland qualification as an approved third country qualification

Approval of CPA Ireland qualification as an approved third country qualification

Under section 1221 Companies Act 2006 the Secretary of State may make a declaration approving a third country qualification. This function of the Secretary of State has been delegated to the FRC. The FRC Board has made a declaration approving the audit qualification of CPA Ireland which is a recognised accountancy body (RAB) in the Republic of Ireland. In making the declaration the FRC is satisfied that the CPA Ireland qualification affords an assurance of professional competence equivalent to that afforded by a recognised professional qualification in the UK and that the treatment of all holders of a UK recognised professional qualification will receive in the Republic of Ireland is likely to be comparable to the treatment of holders of the CPA Ireland qualification in the UK.