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Part 1: Brexit and audit – Brexit-related risk factors

Auditors will need to consider how Brexit-related risks could impact on the entity they’re auditing. Our guide provides a framework for that analysis.

Potential Brexit-related risk factors to consider  in the audit risk assessment

ISA 315 requires auditors to understand the business. This includes understanding changes in the economic, regulatory and business environment. Among many other things, auditors will need to consider the potential impact on the financial statements of potential Brexit-related risk factors.

Audit Brexit-related risk factors

Download part 1 of our four-part series.


This guide helps you consider how to approach risks arising from Estimates, forecasts and uncertainties or from the industry or sector of the entity being audited. It also details 10 potential Brexit-related risk factors to consider in the audit risk assessment. For more details, read the full guide. 

ICAEW’s Brexit guidance

This guide is part of a series intended to help auditors of SMEs deal with current Brexit-related uncertainties associated with a potential no-deal exit as they affect 31 December 2018 and 31 March 2019 audits. The series does not deal with the longer-term potential opportunities or risks associated with Brexit more widely.

Read the other guides

A range of other Brexit related resources is available in our Brexit hub.

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