Audit and assurance

Global challenges

Tue, 15 May 2012 16:08:13 +0100

Find out more about the AQF’s Global Challenges series and download the prospectus and debate notes.

Working in the regulated area of audit

Wed, 09 May 2012 16:26:57 +0100

Member firms working in the regulated area of audit are required to comply with the audit regulations and guidance.

QAD roadshow webinar

Tue, 01 May 2012 11:10:01 +0100

Risky Business

Thu, 26 Apr 2012 17:21:08 +0100

Freedom of choice

Thu, 26 Apr 2012 16:35:04 +0100

Companies Act 2006 - audit-related requirements and regulations third edition

Tue, 17 Apr 2012 15:51:54 +0100

Right First Time with the Clarified ISAs

Fri, 13 Apr 2012 12:22:17 +0100

Clarified ISAs provide many opportunities for practitioners in terms of potential efficiencies, better documentation, better reporting to clients, and enhanced audit quality overall.

Group audits

Wed, 11 Apr 2012 16:10:51 +0100

Audit fundamentals

Fri, 30 Mar 2012 15:10:08 +0100

Find out more about the AQF's Fundamentals series and download the prospectus and all six publications.

Going concerns

Fri, 30 Mar 2012 10:13:05 +0100

Good, better, best

Thu, 29 Mar 2012 11:09:03 +0100

Shine a light

Fri, 30 Mar 2012 10:12:46 +0100

Legacy without a crisis?

Thu, 29 Mar 2012 11:09:24 +0100

Mixed views on audit exemption

Mon, 27 Feb 2012 14:42:33 Z

Audit application forms and fees

Thu, 16 Feb 2012 12:52:58 Z

Download the application forms you need to make sure your firm and the individuals working in it comply with the Audit Regulations and Guidance.

Right first time with the clarified ISAs

Mon, 20 Feb 2012 15:26:50 Z

The future of audit

Mon, 14 May 2012 17:31:51 +0100

As the role of the auditor comes increasingly under the spotlight following recent global financial turbulence, ICAEW believes that it is vital that the accountancy profession re-examines the role of audit and assurance and comes up with constructive, practical ways which both can improve and continue to benefit businesses, the economy and society in the 21st century. Developments need to respond to the demands of stakeholders, policymakers and regulators and should be evidence based.

Right first time with the clarified ISAs - international edition

Mon, 20 Feb 2012 15:26:50 Z

ISAs - Publications and technical material

Mon, 13 Feb 2012 14:44:59 Z

Publications and technical material

Professional scepticism and other key audit issues

Mon, 30 Jan 2012 08:28:32 Z

Professional scepticism is an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence. The purpose of these videos is to highlight some of the concerns of the regulator and to be constructive about how audit firms respond to these issues. This is of particular relevance to auditors as they plan their audits in 2012.

Audit Regulations and Guidance

Wed, 04 Jan 2012 16:11:20 Z

The current version of the Audit Regulations and Guidance (with changes up to Audit News no 48, January 2011) is available from the downloads section.

Audit News - Issue 50 and beyond

Thu, 15 Dec 2011 11:12:00 Z

Audit News is our regular update for audit registered firms. When an new issue is published, ICAEW notifies audit compliance principals and responsible individuals by email.

What's new

Fri, 02 Dec 2011 08:46:25 Z

What's new, Audit quality forum

Meeting notes

Mon, 05 Dec 2011 14:40:14 Z

Meeting notes and other documents

ARC’s advice to smaller firms on undertaking complex audits

Wed, 30 Nov 2011 15:29:04 Z

ARC’s advice to smaller firms on undertaking complex audits

BIS audit exemptions and change of accounting framework consultation

Fri, 11 Nov 2011 16:15:29 Z

Our response to a formal consultation on increasing audit exemption and allowing changes in companies accounting frameworks. The consultation by the Department for Business, Innovation and Skills ends on 29 Dec 2011.

Topical Issues for Today's SME Practitioner

Thu, 06 Oct 2011 11:24:32 +0100

This roadshow event was held at Chartered Accountants' Hall, London on 22 June 2011.

Useful links

Tue, 04 Oct 2011 16:36:47 +0100

Become a registered auditor

Tue, 04 Oct 2011 14:18:43 +0100

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.

Technical Q&A

Mon, 12 Sep 2011 15:42:56 +0100

Annual return and monitoring

Fri, 12 Aug 2011 08:44:25 +0100

All firms registered for audit with the ICAEW are required to complete an annual return. The Quality Assurance Department (QAD) conducts monitoring visits to firms registered for audit with the ICAEW.

Audit Quality Forum

Tue, 01 Nov 2011 10:50:25 Z

New guidance on managing professional liability

Thu, 07 Jul 2011 16:02:13 +0100

In addition to the two certainties in life that we all face, for accountants and other professionals there is a third: the risk of disputes with clients and third parties. It is an unfortunate fact of professional life that uncertainties, misunderstandings, expectation gaps and other factors can give rise to disputes.

The future of audit

Thu, 07 Jul 2011 16:01:45 +0100

When the EC published a green paper consultation on audit policy in October 2010, it set out to achieve a comprehensive, forward-looking debate where ‘no subject should be taboo’. The debate poses numerous challenges, but also presents opportunities with regard to the evolution of audit in the EU to serve the economy in the next generation. The many ideas put forward by the EC and stakeholders in responses to the consultation will be discussed at a major conference in Brussels on 10 February.

Better protection for client assets

Thu, 07 Jul 2011 15:48:03 +0100

The FSA is determined to improve the protection accorded to client money and assets at some financial services firms. Its recently established client assets unit is working with financial services firms and auditors to change how client assets are handled, and you can expect to see more enforcement activity in this area in the coming months.

Topical issues for today’s SME practitioners

Thu, 07 Jul 2011 15:48:35 +0100

The faculty’s spring roadshow will consider a number of topical issues, which will be of interest to practitioners. The topics have been identified from comments and observations made by practitioners, so there should be something for everyone.

APB news

Thu, 07 Jul 2011 15:48:15 +0100

News from the Auditing Practices Board.

The year end: execution and de-brief

Thu, 07 Jul 2011 15:48:25 +0100

The year-end process is ‘show time’ for the figures. Following the previous article on the preparation stage for the year-end (December 2010/January 2011 Audit & Beyond), this article, reprinted with the permission of the Institute of Chartered Accountants in Australia looks at helping finance teams to perform well, and to learn from experience through a thorough post-performance debrief.

Making use of ES-PASE

Wed, 29 Jun 2011 09:41:56 +0100

An area where we commonly see problems when reviewing files is the provision of non-audit services and the documenting of the safeguards applied under APB Ethical Standards.

Enter FRSME: What's the difference?

Wed, 29 Jun 2011 09:41:27 +0100

The proposed overhaul of UK GAAP is considered to be the most dramatic change for decades. There is no doubt that the proposals would have a significant effect on businesses, which currently apply UK FRSs. This article sets out the main areas of impact for those currently using UK GAAP, and the key differences that the FRSME will bring.

Audit Quality Forum activities

Wed, 29 Jun 2011 09:40:52 +0100

The Forum met in March 2011 and, along with a progress report on the EC Green Paper on Audit Policy: Lessons from the Crisis and the FRC consultation on effective company stewardship, it discussed two issues: progress on the project on What makes financial statements reliable? and the forward agenda on sharing experience to inform policy making.

Complying with the new clarity ISAs

Wed, 29 Jun 2011 09:07:45 +0100

The faculty’s forthcoming autumn roadshow is intended to help auditors continue up the learning curve on the new clarity ISAs. Taking advantage of the unique position of the faculty, the roadshow will use feedback from the QAD, ICAEW technical enquiry service, cold file reviewers and practitioners on the difficult areas in clarity ISAs to help answer the most important and common questions.

Raising the audit exemption threshold

Wed, 29 Jun 2011 09:48:39 +0100

The Department of Business, Innovation and Skills announced that the government will amend the Companies Act to bring small company audit rules in line with the EU minimum in 2012 and to relax the audit and accounting rules for medium-sized businesses and subsidiaries.

Revised APB guidance on the audit of charities in the UK

Wed, 29 Jun 2011 09:59:35 +0100

Practice note (PN) 11 published in March 2011, supersedes previous guidance issued by the APB in December 2008. It takes account of significant regulatory and other developments affecting charities since that date.

Guidance on limited liability agreements

Tue, 21 Jun 2011 11:20:00 +0100

Auditor liability limitation outside the UK

Tue, 21 Jun 2011 10:59:52 +0100

Companies Act 2006: new auditor criminal offence

Tue, 21 Jun 2011 10:39:34 +0100

Auditor liability

Tue, 21 Jun 2011 11:03:27 +0100

Auditors' Limited Liability Agreements (LLAs)

PCAOB registration for non-US audit firms

Tue, 21 Jun 2011 10:31:29 +0100

Auditors liability conundrum

Thu, 09 Jun 2011 16:06:35 +0100