Need to know
Post-Brexit recognition of professional qualifications
- Helpsheets and support
- 09 Mar 2021
ICAEW is committed to helping members seeking professional recognition for the pursuit of regulated activities, such as statutory audit, in the European Economic Area (EEA) under the post-Brexit arrangements.
Professional recognition after Brexit: a step back but a clear way forward
- Article
- 04 Jan 2021
4 January 2021: The new Free Trade Agreement is a step back from the Single Market arrangements for the recognition of professional qualifications between the UK and the EU – but there is a clear way forward. Dr Martin Manuzi, ICAEW's Regional Director, Europe, summarises what the agreement means for professional recognition in the accountancy sphere and what else is relevant for ICAEW members.
Transition period ends: New UK Audit Regulations
- Article
- 04 Jan 2021
4 January 2021: Following the end of the Brexit transition period, new UK Audit Regulations are now in place, effective 1 January 2021. The major changes involve the qualification of EEA auditors and firms that could affect responsible individual (RI) status and ownership tests.
Transition period ends: Irish Audit arrangements
- Article
- 04 Jan 2021
4 January 2021: The joint UK and Ireland Regulations issued in January 2020 remain in effect for Irish audits. Following the end of the Brexit transition period, some changes to eligibility are due. These will take effect once the Irish government has issued the appropriate legislation.
What small practices should do to prepare for Brexit
- Helpsheets and support
- 27 Jul 2020
This page presents an overview of instructions and guidance for small practices to prepare during the transition period following Brexit.
Brexit: FRC guidance for auditors
- Article
- 22 Feb 2019
BEIS and the FRC have issued on 22 February 2019 five documents that set out the necessary steps all audit firms (large and small) should undertake to prepare for Brexit including no-deal outcomes.
News and articles
Transition period ends: New UK Audit Regulations
- Article
- 04 Jan 2021
4 January 2021: Following the end of the Brexit transition period, new UK Audit Regulations are now in place, effective 1 January 2021. The major changes involve the qualification of EEA auditors and firms that could affect responsible individual (RI) status and ownership tests.
Transition period ends: Irish Audit arrangements
- Article
- 04 Jan 2021
4 January 2021: The joint UK and Ireland Regulations issued in January 2020 remain in effect for Irish audits. Following the end of the Brexit transition period, some changes to eligibility are due. These will take effect once the Irish government has issued the appropriate legislation.
FRC CEO: audit reform still top of the agenda
- Article
- 15 Oct 2020
16 October 2020: The Financial Reporting Council’s Jon Thompson spoke about the drivers for and progress in audit reform, the attractiveness of the profession and the challenges of COVID-19.
Practice guidance and support
What small practices should do to prepare for Brexit
- Helpsheets and support
- 27 Jul 2020
This page presents an overview of instructions and guidance for small practices to prepare during the transition period following Brexit.
Audit regulation
Post-Brexit recognition of professional qualifications
- Helpsheets and support
- 09 Mar 2021
ICAEW is committed to helping members seeking professional recognition for the pursuit of regulated activities, such as statutory audit, in the European Economic Area (EEA) under the post-Brexit arrangements.
Post Brexit audit rights in the UK
- Helpsheets and support
- 18 Feb 2020
The transition period which followed the exit of the UK from the European Union ends on 31 December 2020.
What small practices should do to prepare for Brexit
- Helpsheets and support
- 27 Jul 2020
This page presents an overview of instructions and guidance for small practices to prepare during the transition period following Brexit.
Irish third country draft registration application
- Helpsheets and support
- 25 Jan 2019
Auditors of UK companies (ie, companies incorporated in the UK) with listings on the Irish Stock Exchange, (such as listed debt), will be required to register with IAASA as third country auditors at the end of the transition period (31 December 2020) unless their registration continues to be accepted on the Irish audit register.
Auditor independence changes post-Brexit
- Article
- 05 Mar 2019
Amended requirements impacting on Public Interest Entity (PIE) audits
Brexit: FRC guidance for auditors
- Article
- 22 Feb 2019
BEIS and the FRC have issued on 22 February 2019 five documents that set out the necessary steps all audit firms (large and small) should undertake to prepare for Brexit including no-deal outcomes.
External resources
MoU on Reciprocal Arrangements with IAASA and approval of CPA Ireland qualification as an approved third country qualification
- Website
- 15 Jan 2021
The FRC's Memorandum of Understanding with the IAASA will facilitate the Republic of Ireland's ability to register UK statutory auditors as Irish statutory auditors. The FRC also announced that audit qualifications from CPA Ireland will be able to be recognised for the purpose of becoming a UK statutory auditor.
Providing services in the EU: Professional qualifications, audit and accounting, and legal services
- Website
- 11 Nov 2020
Webinar presented by BEIS for businesses and professionals on new rules from January 2021 on providing services to EU customers, getting professional qualifications recognised, changes to audit and accountancy requirements, and changes to legal services.
Providing services and travelling for business to the EU, Switzerland, Norway, Iceland and Liechtenstein
- Website
- 28 Feb 2019
A collection of country-by-country guides from the UK Government which include coverage of trade and services regulations; travel and entry requirements; and recognition of professional qualifications.
Daily newsletter
Sign up for our newsletter to receive daily insights on the key issues impacting the profession today.
