This report focuses on four challenges facing the insurance sector. It is based on the collective insights of a group of external audit experts, with many years’ combined experience of auditing insurance companies. ICAEW would like to thank BDO, Deloitte, EY, Grant Thornton, KPMG, Mazars, PKF Littlejohn and PwC for their contributions to the report.
Five years on from the publication of Audit of banks: lessons from the crisis this report summarises the most important legislative and regulatory changes that have taken place over the last 5 years around bank audit and assesses the on-going need for continuous improvement to maintain and enhance the quality and relevance of audit.
What does the future hold for the financial services industry? ICAEW gathered together influential stakeholders to answer this question.
ICAEW’s discussion paper on choices for assurance on banks’ capital information and risk-weighted assets.
ICAEW have worked with the Prudential Regulation Authority to produce an illustrative opinion for step 2 of the Solvency II balance sheet review exercise as well as some potential considerations for step 1 reporting.
ICAEW’s guidance to help chartered accountants and other professionals who are asked to report under Section 166 (s166) and Section 166A (s166A) of the Financial Services and Markets Act 2000 (FSMA), as amended by the Financial Services Act 2012 (FS Act).
ICAEW’s guidance to assist assurance practitioners engaged to perform work on submission to, or compilation of, benchmarks, indices and independent price reports.
The latest report in the Audit Insights series looking at insights from banking audit specialists.
The Financial Services Faculty recommends that financial services regulators adopt these principles, recognising that there will be a balance of emphasis between them. Regulators should be clear about the outcomes they are seeking, and against which they should be judged.
ICAEW’s Financial Services Faculty has published an issues paper which explores the actions the financial services sector must take to build long term confidence.