Audit and assurance
The Audit and Assurance technical area has information, guidance and events about the Audit and Assurance Faculty, clarified ISAs, working in the regulated area of audit, the future of audit, gain audit rights in the UK and the audit quality forum.
Audit planning and risk assesment
Access support tools to assist you in achieving audit objectives.
Fieldwork considerations and the response to risk
Conduct and manage fieldwork and respond to risks appropriately and proportionally.
Group financial statements presents challenges to both group and component auditors.
The audit of related party relationships and transactions can be a challenging area for auditors.
Completion of an audit entails a number of procedures auditors are required to undertake. This section provides assistance in the practical implementation of some of those areas.
This section contains support materials for the auditor in the area of documentation.
Guidance to firms for the implementation of ISQC 1 and other standards making reference to audit quality.
Guidance on ethical matters for practitioners including auditor independence.
What you need to know about special reports.
Internal Audit Resource Centre
Access International IA standards and recent thought leadership papers relating to internal audit.
Audit exemption FAQs
Frequently asked questions about audit exemption and the assurance options.
Research available tools and the latest developments.
Audit exempt organisations can choose from a range of services that add credibility to their financial statements. The assurance options leaflets explain each option in neutral terms. They also give some points to consider that are designed to help a business understand the reasons why each option might be useful.
The Assurance Sourcebook
The Assurance Sourcebook is a practical guide to the fast-developing world of assurance and accounts review, bringing together guidance and experience from a wide range of sources.
Assurance: Practical guidance
The ICAEW is at the cutting edge of the developing assurance market, providing solid practical guidance to support members as they move into this new area.
Where next with assurance?
Since 2013, ICAEW has been tracking the development of the assurance market. It is now leading a discussion on what the future of assurance should look like.
The journey: assuring all of the annual report?
Businesses, investors, accountants and regulators are all on a journey to find the right assurance over the right information in the financial statements, the rest of the annual report, and beyond.
Working in the regulated area of audit
Firms working in the regulated area of audit are required to comply with the audit regulations and guidance.
Become a registered auditor
This section explains what constitutes regulated audit work , what is meant by the term 'registered auditor' and what a firm needs to do to become a registered auditor.
Auditor Limited Liability Agreements (LLA) are contracts designed to ensure that auditors are not pursued for excessive losses, just a reasonable proportion based on their responsibility.
Recent updates for audit registered firms. When an new issue is published, ICAEW notifies audit compliance principals and responsible individuals by email.
Bannerman clarification language
Reports and other material relating to audits.
PCAOB audit registration
PCAOB audit registration
Gain audit rights in UK
To gain audit rights, you need to hold an audit qualification such as the ICAEW Audit Qualification.
What is the AQ?
The AQ is a free qualification awarded to eligible ICAEW members.
How to apply for the AQ
ICAEW’s Audit Qualification (AQ) is only available to ICAEW members and is free of charge. Please read through the following carefully to determine if the AQ is relevant to you and how you should apply.
Audit experience outside the UK
Audit experience recognised under UK Companies Act.
Frequently asked questions about the Audit Qualification.
Local public audit in England
ICAEW is now responsible for the licensing, registering and monitoring of auditors who wish to carry out audits of local public bodies.This page explains what accountancy firms and individuals need to do to become a registered local auditor under the Local Audit and Accountability Act 2014.
What is licensed work?
Some non-statutory engagements need a registered auditor to do the work.
How does my firm become a licensed practice?
Guidance and application forms to become a licenced practice.
Handbook and guidance for licensed practices
Licensed practices are required to comply with the ICAEW Licensed Practice Handbook.
Audit and assurance helpsheets
Helpsheets prepared by ICAEW Technical Advisory Service to assist you in your day-to-day work. We offer practical advice, respond to frequently asked questions and highlight the issues you may need to consider.
What is audit reform?
Latest developments in audit reform.
Standards codes and regulations
Links to new standards, codes and audit regulations.
Resources to help you understand and implement audit reform changes.
Notice of annual general meeting 2016
Notice is hereby given that the annual general meeting of the Audit and Assurance Faculty is being held on Thursday 12 May 2016.