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Sole Trader (Last Major Update: December 2023)

Sohini Chakraborty
  • Updated
Other Financial Presentation Updates 
16 December 2024
No Summary Area Section Details
ST24003 A presentational change has been implemented to the Produced Accounts of the Sole Trader template. Please refer to the compliance release notes for more details.      
Compliance Database
8 November 2024
ST24002

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

Prerequisite:

Following options must be unchecked under Client Details > Key Information:

  • Audit required under Investment Intermediaries Act 1995?
  • Audit report for unincorporated entities required?

 

 

   Auditors/
Accountants, Dates and Disclosure Options
  • 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 Dates and Disclosure Options, select Show ISRS 4410(Revised) technical Statement reference in the Accountant's Report?

For the CPA professional body, client accounts produced after January 1, 2023, will automatically display the ISRS 4410 (Revised) references by default.
10 May 2024 
No Summary Area Section Subsection,
Select

ST24001

 Two new options introduced to show the Adjusted Profit Computation separately under Produce Accounts or inside ROI Pay and File Income Tax Other Information Adjusted Profit Computation
  • Under Add Backs, select Show Adjusted Profit Computations under Produce Accounts?
  • UnderAdd Backs, select Show Adjusted Profit Computations under ROI Pay and File Income Tax?
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