Annual_Report2014
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<strong>Annual</strong> Report 2014<br />
Irish Auditing & Accounting Supervisory Authority<br />
64<br />
12 Revenue<br />
12.1 Approved Programme of Expenditure<br />
IAASA’s Programme of Expenditure for the year, as approved by the Minister under section 911(1) of the<br />
2014 Act was €2,148,000 [2013: €2,307,000] as laid out below. In addition, Exchequer funding (via the<br />
Department) to a maximum of €351,000 [2013: €383,000] was made available during the year in respect of<br />
IAASA’s functions under the Transparency Directive.<br />
Exchequer (40%) PABs (60%) Total<br />
€ € €<br />
Recurrent Expenditure 859,000 1,289,000 2,148,000<br />
Approved allocation in respect of<br />
Transparency Directive<br />
351,000 - 351,000<br />
Total 1,210,000 1,289,000 2,499,000<br />
12.2 Analysis of Income<br />
2014 2013<br />
€ €<br />
Recurrent Income under the Act<br />
Exchequer Grant Income 653,942 635,466<br />
PABs' Levies 1,012,293 983,874<br />
Reserve Fund Income<br />
Exchequer Grant Income - -<br />
PABs' Levies - -<br />
Amounts receivable in respect of fines (Section 933) 22,000 -<br />
Income in respect of Transparency Directive Activity<br />
Exchequer Grant Income 229,581 273,477<br />
Income in respect of Third Country Audit Entity Registration<br />
Registration fees received from Third Country Audit Entities 60,920 60,450<br />
Miscellaneous Income<br />
ICAI contribution to legal costs 1,400 2,000<br />
1,980,136 1,955,267
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