Introduction of Standard Financial Statement postponed

AiB has recommended the introduction of the Standard Financial Statement for assessing the income and expenditure of debtors is deferred until 1 April 2019.

The delay is to meet concerns from a number of organisations within the money advice sector who have sought more time to ensure staff are trained and IT systems were ready for the switch over. 

The regulations currently before parliament have been withdrawn. A new set of regulations, which will be identical other than the commencement date, will be laid shortly. 

Published 10 August 2018