{"id":32484,"date":"2025-03-24T10:26:09","date_gmt":"2025-03-24T04:56:09","guid":{"rendered":"https:\/\/ireland.outbooks.com\/ireland-2\/?p=32484"},"modified":"2026-05-27T17:01:09","modified_gmt":"2026-05-27T11:31:09","slug":"structure-and-organisation-of-accountancy-profession-key-features","status":"publish","type":"post","link":"https:\/\/outbooks.com\/ireland\/structure-and-organisation-of-accountancy-profession-key-features\/","title":{"rendered":"Structure and Organisation of Accountancy Profession | Key features"},"content":{"rendered":"
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Accountancy Profession- Ireland encourages and supports research and development to enhance the profession of accounting and the advancement of knowledge by supporting the professional body. Data shows Ireland is ranked 17th in the World (World Bank IBRD \u2013 IDA Survey 2018 of 190 countries) in terms of \u201cease of doing business\u201d and 7th in the world in terms of ease of \u201cstarting a business.\u201d Based on relatable data, of the 140,000 audits completed annually in Ireland, some 138,995 (or 99%) are non-PIE audits. The relevance and proportionality of audit standards are of considerable importance in the Irish economy as the audit process, valuable as it is, consumes entrepreneur resources and therefore impacts on the ease of doing business and economic performance.<\/p>\n\n\n\n

The qualification required being a Chartered Accountant (CAI), there are two main routes to entry (a) direct entry after secondary school level education (b) entry after completion of university degree or approved postgraduate program<\/p>\n\n\n\n

\"accountancy<\/figure>\n\n\n\n

<\/p>\n\n\n\n

To pursue Certified Public Accountant (CPA)<\/strong><\/a>, you can apply through two main routes (a) direct entry after secondary school level education, (b) entry after completion of university degree or approved postgraduate program<\/p>\n\n\n\n

THE DIRECT ECONOMIC CONTRIBUTION OF ACCOUNTANCY IN IRELAND<\/strong><\/h2>\n\n\n\n

Accountancy<\/a> plays a pivotal role in delivering important professional services to all sectors of the economy. The accountancy profession provides equal important business services<\/a> to the Irish economy as the direct impact of this profession encompasses all economic activity of the profession, and is quantified in terms of jobs, output and tax revenues.<\/p>\n\n\n\n

CONTRIBUTION TO GDP<\/h3>\n\n\n\n

In Ireland, the accountancy occupation supported a GDP contribution of \u20ac12.9 billion in 2017. Where \u20ac9.7 billion was contributed to GDP by the work of in-house accountants within other Irish industries<\/a> and other quarter of \u20ac3.2 billion was generated by the accounting industry itself.<\/p>\n\n\n\n

CONTRIBUTION TO EMPLOYMENT IN IRELAND<\/a><\/h3>\n\n\n\n

In the year 2017, around 23,300 individuals were employed in the accounting, bookkeeping, and audit sector in Ireland<\/a>. As data shows, there were also 37,900 in-house accountants working across many sectors of the Irish<\/a> economy. The largest employer of in-house accountants by sector was wholesale and retail, which employed 6,600 accounting professionals, followed by the manufacturing and finance & insurance sectors, which employed nearly 6,000 accountants in 2017.  The finance and insurance industry employs the highest proportion of accounting<\/a> professionals across these wider sectors as a share of its total employment (6.4 percent). Other industries with notably high shares of accounting professionals include real estate (5.4 percent), the ICT sector (3.3 percent), and manufacturing (2.9 percent).<\/p>\n\n\n\n

CONTRIBUTION TO TAX REVENUES<\/h3>\n\n\n\n

The accounting sector in the year 2017 raised \u20ac437 million of tax revenue for the exchequer of Ireland. It encompasses labor taxes such as income tax, PRSI, and USC, raised through the accounting industry\u2019s workforce, as well as corporation tax, VAT, and taxes<\/strong><\/a> on production paid by the companies. An amount of \u20ac874 million was generated through the employment of in-house accountants in other industries. When combined with the accounting sector\u2019s contribution, this brings the total direct tax impact of Ireland\u2019s accountancy<\/a> profession to \u20ac1.3 billion in 2017. The tax that is contributed is equivalent to 2.6 percent of all receipts of the Office of the Revenue Commissioners of Ireland in 2017. This sum is attributable to the employment, profits, and transactions that are directly supported by the accountancy profession.<\/p>\n\n\n\n

THE MARKET FOR ACCOUNTANCY SERVICES<\/a><\/h3>\n\n\n\n

In 2017, businesses in Ireland purchased around \u20ac2.3 billion in external accounting services<\/a>, which in return amounted to 0.6 percent of all B2B purchases in the Irish economy during that year. According to available data, Ireland\u2019s financial<\/a> sector was the biggest single purchaser of accounting services in 2017, spending \u20ac302 million. Hence, it is equivalent to 1.5 percent of all external purchases by the finance industry in that year. In aggregate, accounting services<\/a> were highly in demand as they were driven principally by sectors such as finance, manufacturing, and wholesale and retail industries.<\/p>\n\n\n\n

 <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Accountancy Profession- Ireland encourages and supports research and development to enhance the profession of accounting and the advancement of knowledge by supporting the professional body. Data shows Ireland is ranked 17th in the World (World Bank IBRD \u2013 IDA Survey 2018 of 190 countries) in terms of \u201cease of doing business\u201d and 7th in the…<\/p>\n","protected":false},"author":5,"featured_media":37006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[148,427],"tags":[],"class_list":["post-32484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","category-accounting-profession"],"jetpack_featured_media_url":"https:\/\/outbooks.com\/ireland\/wp-content\/uploads\/2025\/03\/Structure-and-Organisation-of-Accountancy-Profession-Key-features.webp","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pegcud-8rW","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/outbooks.com\/ireland\/wp-json\/wp\/v2\/posts\/32484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/outbooks.com\/ireland\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/outbooks.com\/ireland\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/outbooks.com\/ireland\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/outbooks.com\/ireland\/wp-json\/wp\/v2\/comments?post=32484"}],"version-history":[{"count":0,"href":"https:\/\/outbooks.com\/ireland\/wp-json\/wp\/v2\/posts\/32484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/outbooks.com\/ireland\/wp-json\/wp\/v2\/media\/37006"}],"wp:attachment":[{"href":"https:\/\/outbooks.com\/ireland\/wp-json\/wp\/v2\/media?parent=32484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/outbooks.com\/ireland\/wp-json\/wp\/v2\/categories?post=32484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/outbooks.com\/ireland\/wp-json\/wp\/v2\/tags?post=32484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}