| Effective risk management controls can bring continued success to companies or lead to their downfall |
Issue: 03 / 2002 |
| This month’s special feature focuses on ‘The risks companies face’ and looks at the threats that both external and internal factors pose for Irish companies. Gerry Fitzpatrick examines the role of operational risk within companies and outlines how well prepared Irish companies are, while Richard Pike looks at risk management in an asset management context. In light of recent events at AIB’s subsidiary Allfirst, Donal Galvin addresses the risks treasurers face and Conor Griffin says that the deteriorating credit environment means that credit risk will be bankers number one concern in 2002. Orla Brennan, in her article on how domestic regulation will impact organisation’s risk management systems, says that strict compliance to an evolving regulatory environments means that companies have to devote more resources to manage their exposure to risk. |
| |
| Fodder for the Bertie Bowl? |
Issue: 03 / 2002 |
| Professional sports persons do have a real need for a tax relief. Their need has been made more acute by previous legislation introduced by the Minister for Finance. But is the Minister’s solution the appropriate solution, and does the problem extend beyond high profile athletes? |
| |
| Forensic accounting |
Issue: 03 / 2002 |
| The term forensic accounting was first used by Robert Lindquist in 1996, a Canadian accountant, to describe the special combination of skills applied in preparing and reviewing financial evidence. |
| |
| Great opportunities in the Dublin captives market |
Issue: 03 / 2002 |
| The captive insurance sector in Dublin is continuing to grow due to an evolving regulatory system, and Ireland’s location in Europe says Paul Cotter. It now offers great opportunities for captive managers. |
| |
| Guidance promotes proactive communication |
Issue: 03 / 2002 |
| Guidance for auditors of banks in Ireland issued in February by the Auditing Practices Board will contribute to improved communication between bank auditors and the Central Bank, according to the country’s largest accountancy body, the Institute of Chartered Accountants in Ireland (ICAI). |
| |
| Matching the monkey |
Issue: 03 / 2002 |
| Ronan Smith, head of index investing at Bank of Ireland Asset Management spends a busy day developing the growing business of offering indexation services to pension funds. |
| |
| Never too late |
Issue: 03 / 2002 |
| The Central Bank might be accused of jumping on the bandwagon too late by requiring banks to carry out independent assessments of their risk system controls, and to report back on their findings, in the wake of the Allfirst debacle. |
| |
| New publication launched |
Issue: 03 / 2002 |
| A pocket book summarising accounting standards generally accepted in Ireland as of January 1, 2002 has been launched by PricewaterhouseCoopers. |
| |
| New service to help companies at risk from US audit rules |
Issue: 03 / 2002 |
| Irish accounting firm BDO Simpson Xavier has launched a business division that will target companies effected by tighter US regulations on auditors. |
| |
| Panellists disagree on likelihood of an ECB rate cut |
Issue: 03 / 2002 |
| Each month, the Finance Markets Panel, which consists of leading Irish market participants and analysts, provide views on key financial markets, covering currencies, equities and the gilt markets. |
| |
| Plucking the business goose |
Issue: 03 / 2002 |
| The Finance Bill requires Irish companies to pay six years’ tax over a five-year period. In addition the arrangements by which they will make these payments are such as are likely to expose many compliant tax-paying companies to interest charges on overdue tax. This will be despite their honest endeavours to meet the legal obligations. |
| |
| Property Tax Measures |
Issue: 03 / 2002 |
| The Minister’s attack on reverse premiums and on VAT on leases overshadows a large number of property provisions in the Finance Bill. Increasingly tax incentives for property are curtailed, and tax obstacles to property transactions remain. |
| |
| Single market in financial services should be given high priority and increased urgency |
Issue: 03 / 2002 |
| Report highlights the need for a new political push for financial services integration in Europe and claims that consumers are loosing out because of the slow pace of change. |
| |
| The scope for tax cuts is spelled out |
Issue: 03 / 2002 |
| As the political parties draw up their election manifestos - one (or two) of which are likely to be the primary foundation of economic policy over the coming five years we compile the policy recommendations on a series of central economic issues in the election from a panel of professional economists, whose job is to get policy and forecasts right on a consistent basis the economic advisers in Ireland?s financial services industry. The survey results have been mailed to the policymakers of all of the political parties, as well as each TD and Senator in the Oireachtas. |
| |
| There is scope for tax cut promises say economists |
Issue: 03 / 2002 |
| A panel of leading economists says that there is scope for tax cuts in the next five years. |
| |
