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Nicole Lappin Appointed Director to the Board of The Irish Auditing and Accounting Supervisory Authority (“IAASA”).
An Tánaiste and Minister for Business, Enterprise and Innovation, Frances
Fitzgerald, T.D. 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:
Ø supervision of how the Prescribed Accountancy Bodies (PABs)
regulate and monitor their members
Ø monitoring of the periodic financial reporting of certain
entities whose securities have been admitted to trading on a
regulated market in the EU
Ø carrying out certain functions in respect of liquidators
Ø promotion of adherence to high professional standards in the
auditing and accountancy profession, and
Ø acting as a specialist source of advice to the Minister for
Jobs, Enterprise and Innovation on auditing and accounting
matters
Ø carrying out the external quality assurance of the audits of
public interest entities
Ø 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.