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2022 editions of Audit & Beyond. The monthly magazine from the ICAEW Audit and Assurance Faculty.
2021 editions of Audit & Beyond. The monthly magazine from the ICAEW Audit and Assurance Faculty.
ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics.
ISA 540 (Revised) introduced a number of new and enhanced requirements with significant changes and challenges for auditors to get to grips with.
ISA 540 (Revised) introduced a number of new and enhanced requirements with significant changes and challenges for auditors to get to grips with.
ISA 540 (Revised) introduced a number of new and enhanced requirements with significant changes and challenges for auditors to get to grips with.
ISA 540 (Revised) introduced a number of new and enhanced requirements with significant changes and challenges for auditors to get to grips with.
Are you ready for the new requirements? Learn how to get quality risk assessments right.
What do you need to consider when responding to quality risks in your strategy?
What is RCA and how can you use it to improve audit quality?
Guidance to assist the development of good practice by ‘Relevant Trustees.’ These are trustees who as part of their business as a trustee, offer pensions trustee services in relation to trust schemes and who either are on the Trustee Register or adopt this framework voluntarily.
Solicitors Regulation Authority (SRA) Accounts Rules: Accountant’s Reports for full reporting periods after 25 November 2019 (TECH 01/21 AAF) is a Technical Release published by ICAEW’s Audit and Assurance Faculty. It provides practical guidance for accountants reporting to the SRA under the SRA Accounts Rules effective from 25 November 2019.
Solicitors Regulation Authority (SRA) Accounts Rules – Guidance for reporting accountants following the 2019 changes (TECH 03/20 AAF) is a Technical Release published by ICAEW’s Audit and Assurance Faculty. It provides practical guidance for accountants reporting to the SRA under the SRA Accounts Rules effective from 25 November 2019.
ATOL Reporting Accountants - Reporting to the Civil Aviation Authority (TECH 02/20 AAF) is a Technical Release published by ICAEW’s Audit and Assurance Faculty.
ICAEW’s Audit and Assurance Faculty answers members' common practical questions about how to audit inventory given the mandatory closure of many businesses and restrictions of movement across the world.
This Audit and Assurance Faculty Know-How guide explores COVID-19 issues faced by UK group auditors with overseas component auditors. It offers practical considerations in relation to the work of component auditors to address the requirements in ISAs (UK). It may also be relevant for group auditors in other jurisdictions with similar requirements.
ICAEW’s Internal Audit Panel has identified eight risk areas where boards and audit committees should be asking themselves whether they are receiving the objective assurance they need amid increased public scrutiny.
How to spot accounting estimates and not overlook the more obvious ones in your audit.
ICAEW has created a series of practical guides to support auditors in implementing the International Standards on Auditing (UK) (ISAs (UK)). The guides focus on key challenges in implementing ISAs (UK) and how to overcome them.
ICAEW has created a series of practical guides to support auditors in implementing the IAASB’s international standards on auditing. The guides focus on key challenges in implementing ISAs and how to overcome them.
A response dated 18 February 2022 to the public debate on how to improve the quality and enforcement of corporate reporting in the EU, published by the European Commission on 12 November 2021.
ICAEW’s response to the Department for Levelling Up, Housing and Communities’ consultation on changes to the capital framework welcomes proposed changes to the regulations around the minimum revenue provision (MRP). However, the response also states that clarifying existing guidance will not be sufficient to address the underlying weaknesses that have led to some councils undercharging the MRP. ICAEW has called for the government to simplify the MRP calculation and local authorities to be more transparent.
A response dated 31 January 2022 to a consultation published by the International Auditing and Assurance Standards Board (IAASB) on 23 July 2021.
ICAEW’s submission to the Public Accounts Committee into the Local Government Finance System: Overview and Challenges emphasised that the government needs to address the issues in local authority audit and reporting as a matter of priority.
A response dated 30 November 2021 to a consultation published by PCAOB on 28 September 2021.
A response dated 18 November 2021 to a consultation published by FRC in August 2021.
Since it was established in 2004, Audit Quality Forum (AQF) has encouraged open and constructive debate amongst stakeholders about how to improve audit. Find out more about the AQF’s legacy and the wealth of material produced by the AQF with the support of BEIS, ICAEW and the FRC.
Auditors bringing their knowledge of market sectors and business issues for the benefit of wider stakeholders, and alerting practitioners to some of the issues they should consider when planning their audits.
ICAEW’s AuditFutures is an innovative and collaborative initiative, an action-research programme that uses interdisciplinary thinking, design-led processes and interactive workshops to reimagine the audit profession.
As discussions about the future of audit continue to evolve, the Audit and Assurance Faculty intends to influence the debate through a series of succinct, high-level thought leadership essays that consider a range of issues directly or indirectly relevant to the debate.