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Company (Last Major Update: December 2023)

Sohini Chakraborty
  • Updated
Compliance Database
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4 October 2024
CO24005

ICAI and CAI sections of the Accountant's Report will display International Standard on Related Services 4410 (Revised) references.

Prerequisite:

Audit exempt company? must be checked under Client Details > Key Information.

   Auditors/
Accountants, Disclosure
  • Under Auditors/Accountants, select the Institute of Chartered Accountants in Ireland from the Name of Professional Body drop-down list.

or,

  • Under Auditors/Accountants, select Chartered Accountants Ireland from the Name of Professional Body drop-down list.
  • Under Disclosure, select Show ISRS 4410(Revised) technical Statement reference in the Accountant's Report?
CO24004

An Accounting Error Analysis Report is introduced assist you in addressing format errors encountered during the preparation of accounts.

 Produce Accounts  

Once you produce accounts, the Accounting Error Analysis Report will be visible in the Produce Accounts section. 
6 September 2024
CO24003

For FRS105

A new option is introduced to show the Adjusted Profit Computation separately under Produce Accounts.

 Other Information Adjusted Profit Computation
  • Under Add Backs, select Show Adjusted Profit Computations under Produce Accounts?
 

ICAI and CPA sections of the Accountant's Report is rephrased as per the introduction of the ISRS 4410 references.

Prerequisite:

Audit exempt company? must be checked under Client Details > Key Information.

 Client Details Auditors/
Accountants
  • Select the Institute of Certified Public Accountants in Ireland from the Name of Professional Body drop-down list.

or,

  • Select the Institute of Chartered Accountants Ireland from the Name of Professional Body drop-down list.
Other Financial Presentation Updates
No Summary Area Section Details
 

iXBRL Submission in new Taxonomy

BrightAccountsProduction has adopted FRC 2023 taxonomies (version 1.4) for HMRC, Companies House, and Revenue, effective from January 1, 2023, for iXBRL submissions. For periods between January 1, 2019, and January 1, 2023, use version 1.3 with the FRS 102 Irish Extension 2019. Please refer to the compliance release notes for more details.

      
  For Group company, the term "the company" is now replaced with term "the group". Produce Accounts   For Group company, the term "the company" is now replaced with term "the group" under the Financial Results and Results and Dividends headings.
Compliance Database
5 July 2024 

CO24002

 To disclose zero value figures in the layout of Balance Sheet for FRS102 and FRS105 Legislation, Compliance and Disclosure Disclosure

For FRS102:

  • Select Disclose zero value figures in Balance Sheet?

For FRS105:

  • Under Accounting Options, select either Produce FRS 105 accounts in accordance with the provisions of Schedule 3A per section 291? or Produce FRS 105 accounts in accordance with the provisions of Schedule 3 per section 291?
  • Under Disclosure, select Disclose zero value figures in Balance Sheet?

7 June 2024

CO24001

 To change the Notes Header from Financial Statements to Management Accounts Legislation, Compliance and Disclosure Presentation Select Show Notes to the Management Accounts instead of Notes to the Financial Statements?
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