What's new for members?
The latest resources available to ICAEW members.
Audit news - No.45 April 2009
Newsletter providing an update on audit issues including revised audit regulations and guidance and an article on preparing for the clarified ISAs
Charity helpsheet
Technical advisory services have issued a new helpsheet covering the accounting requirements and scrutiny regime for incorporated and unincorporated charities and charitable groups incorporating the recent legislative changes.
Facing job loss?
Information about the advice, financial assistance and career services we provide.
Access to information by successor auditors
The Audit and Assurance Faculty have published technical release AAF 01/08, previously issued as an exposure draft - Access to information by successor auditors on the new Companies Act 2006 requirement for outgoing auditors to provide relevant audit information to successor auditors.
The Audit & Assurance Faculty have also published an article on this subject in the May 2008 edition of the Audit & Beyond newsletter.
Auditing Practices Board bulletins
The Auditing Practices Board (APB) has issued several bulletins to provide guidance on certain aspects of the Companies Act 2006 that affect auditors.
- 2008/9 Miscellaneous Reports by Auditors Required by the United Kingdom Companies Act 2006
- 2008/8 Auditor's Reports for Short Accounting Periods in Compliance with the United Kingdom Companies Act 2006
- 2008/6 The 'Senior Statutory Auditor' under the United Kingdom Companies Act 2006
- 2008/5 Auditor's Reports on Revised Accounts and Reports, in the United Kingdom
- 2008/4 The Special Auditor's Report on Abbreviated Accounts in the United Kingdom
- 2008/3 The Auditor's Statement on the Summary Financial Statement in the United Kingdom
What’s new in ethics?
Please visit the ICAEW ethics pages for guidance and information on current ethical matters. The page includes information on the new Code of Ethics for insolvency practitioners, and the 2008 revised APB ethical standards.
Auditor cessation statements
To help registered auditors with the new Companies Act 2006 requirements regarding cessation as auditors, ICAEW have published guidance notes and flowcharts on Auditor cessation statements.
View Auditor cessation statements
Charity audit and accountant’s report examples
The ICAEW have published Charity audit report examples to assist auditors when reporting as auditors on financial statements of charities, pending publication by the Auditing Practices Board of the revised Practice Note 11 (PN 11), The Audit of Charities in the United Kingdom.
View Charity audit report examples
The accountant's report for charitable companies with gross income between £90,000 and £500,000 for accounting periods commencing before 1 April 2008 is still relevant. Guidance in this area was included in the now withdrawn 2002 edition of PN 11, the audit of charities in the United Kingdom. However, this guidance is separately available from the APB website at http://www.frc.org.uk/apb/publications/statements.
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