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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 practical help

Resources to help you maintain high standards of compliance, quality and scepticism.

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Audit and Technology

ICAEW is playing a leading role in trying to understand how technology, and in particular data analytics, will impact on the future of audit. Learn more about our work in helping audit firms and businesses to understand the opportunities and threats that technology is bringing.

Group audit

Group financial statements presents challenges to both group and component auditors.

Related parties

The audit of related party relationships and transactions can be a challenging area for auditors.

Completion

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.

Quality control

Guidance to firms for the implementation of ISQC 1 and other standards making reference to audit quality.

Ethics

Guidance on ethical matters for practitioners including auditor independence.

Internal Audit

Access International IA standards and recent thought leadership papers relating to internal audit.

Assurance glossary

Definitions of the key words, acronyms and concepts used in relation to assurance engagements, compiled by ICAEW members working in the assurance sector.

Audit exemption

Access information on whether an organisation qualifies for audit exemption.

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Audit exemption

Some UK organisations are required to have their annual financial statements audited and others are exempt from the statutory requirement, most often due to their size. The thresholds determining company size for accounting purposes changed as of 1 January 2016. Here we provide guidance on the exemption requirements for reporting periods beginning before and after 1 January 2016.

Assurance

Information and guidance for practitioners on assurance services

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Assurance

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, sharing examples of best practice and promoting dialogue about the future of assurance services.

Helpsheets and support

Helpsheets and advice from the Technical Advisory Service for all ICAEW members.

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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.

Working in the regulated area of audit

Links to advice and guidance to help your firm remain compliant.

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Become a registered auditor

This section explains what constitutes regulated audit work, what is meant by the term 'registered auditor' and how your firm can become a registered auditor. Application forms are also available in this section as well as a guide to which forms your firm will need to complete.

Auditor liability

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.

Audit News

Recent updates for audit registered firms. When an new issue is published, ICAEW notifies audit compliance principals and responsible individuals by email.

Gain audit rights in the UK

About ICAEW Audit Qualification.

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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.

Become a registered local public auditor

Find out how your firm can apply and the qualification criteria.

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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.

Licensed Practice scheme

Find out what is licensed work and how your firm can become a licensed practice.

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Notice of Audit and Assurance Faculty AGM 2017

Highlights of the Audit & Assurance Faculty's activity.

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Library & Information Service

Handpicked resources on audit, including articles and eBooks.

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Auditing

Find books, articles and online resources covering auditing standards, audit exemption, internal auditing and other topics in this sector.