Impact of the end of the Brexit transition period on audit rights in the UK and Ireland
The transition period which followed the exit of the UK from the European Union ended on 31 December 2020.
Audit guides and FAQs
Guides, FAQs and features from the ICAEW's Audit and Assurance Faculty and other experts offering analysis and commentary on how the UK's exit from the EU affects audit.
Brexit and audit – key questions for consistent approach
As a pervasive issue affecting many businesses, it is important that firms develop a consistent approach to Brexit. This guide provides some tips to help you do that.
Brexit and audit – Brexit-related risk factors
Auditors will need to consider how Brexit-related risks could impact on the firms they’re auditing. Our guide provides a framework for that analysis.
What small practices should do to prepare for Brexit
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
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.
Brexit: FRC guidance for auditors
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.
Brexit and IFRS 9 Financial Instruments – expected credit losses
This guide outlines some considerations to help banks and others, including auditors and internal auditors, approach the challenges that have arisen from the introduction of IFRS 9 Financial Instruments and Brexit’s potential impact on this.
Brexit and audit - key questions for a consistent approach
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As a pervasive issue affecting many businesses, it is important that firms develop a consistent approach to Brexit. This guide provides some tips to help you do that.
Brexit and audit – auditing standards considerations
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Brexit will have implications for a variety of auditing standards. Our guide helps you navigate those that apply.
Brexit and audit - Brexit-related risk factor
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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.