1st October 2017
An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald TD, announces the appointment of Mrs Nicole Lappin, as Director to the Board of the Irish Auditing and Accounting Supervisory Authority (“IAASA”).
On the appointment An Tánaiste said: “I am delighted to congratulate Nicole Lappin on her appointment to the Board of the Irish Auditing and Accounting Supervisory Authority (“IAASA”). Nicole joins IAASA at an important time as it seeks to further enhance auditing and accounting standards in Ireland. Providing an appropriate oversight function for the auditing and accounting sector in Ireland plays a fundamental role in assuring domestic and international investors that a suitable regulatory environment underpins Ireland's competitive offering. I have no doubt that Nicole's experience will enable her to assist IAASA over the coming years and I wish her every success on her appointment"
Under the Companies Act 2014, the Transparency Regulations and the Audit Regulations, IAASA has seven primary functions:
- supervision of how the Prescribed Accountancy Bodies (PABs) regulate and monitor their members
- monitoring of the periodic financial reporting of certain entities whose securities have been admitted to trading on a regulated market in the EU
- carrying out certain functions in respect of liquidators
- promotion of adherence to high professional standards in the auditing and accountancy profession, and
- acting as a specialist source of advice to the Minister for Jobs, Enterprise and Innovation on auditing and accounting matters
- carrying out the external quality assurance of the audits of public interest entities
- oversight of statutory audit
Biography of the Director: Mrs Nicole Lappin
A law graduate of Queen’s University Belfast in 1994, Mrs Lappin qualified as a barrister from King’s Inns Dublin in 1996 and practised as a barrister for five years in Dublin and Belfast in a variety of areas.
Mrs Lappin was an inaugural member of the Education Authority in Northern Ireland, gained extensive experience in corporate governance and was involved in the transition of five Education and Library Boards into a single organisation. Mrs Lappin also contributed to the 2017/2027 Strategic Plan which outlines the continuing process of transforming the deliverance of education services in Northern Ireland.
While at the Education Authority Mrs Lappin gained financial expertise by leading a working group which examined the impact of schools’ surpluses and deficits on the Education Authority’s block grant. As a member of the Finance and General Purpose Committee Mrs Lappin gained valuable insight into corporate finance.
Mrs Lappin has over ten years' experience as a school governor and currently serves as chair of the finance sub-committee of a post-primary in Northern Ireland.
Mrs Lappin has a solid track record in delivering improved business performance and exercising a very high level of personal judgement in relation to legal, regulatory and financial matters. Mrs Lappin took up her role in IAASA effective 13th September 2017.
For further information please contact Press Office, D/Business, Enterprise and Innovation ph. 6312200 or firstname.lastname@example.org
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