IRISH CHARITIES FACE GREATER FINANCIAL REGULATION TO RESTORE PUBLIC TRUST – BUT COMPLIANCE MAY BE TOUGH
August 1st, 2019
The lack of oversight over funds given by Ireland’s Health Service Executive to potentially unworthy charitable organisations, such as the scandal-ridden suicide charity Console (now closed), has caused much political tumult over the past decade. And a series of debates over Irish charity executive pay has dented public confidence. Likewise, the use of charitable status by hedge funds to avoid tax has fuelled concerns in Ireland that charities cannot be trusted.
The Irish government has tightened regulation as a result, and accountants and auditors are a key ...
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