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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.

Engagement letters helpsheet

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Technical helpsheet providing sample wordings to help you draft engagement letters for a variety of typical engagements for both corporate and non-corporate clients. Includes full text and supplementary schedules.

Audit and Brexit: a practical checklist for audit firms

The end of the Brexit transition period has resulted in significant changes to how businesses operate. Combined with the impact of COVID-19, this presents unique challenges for auditors. This guide provides ten questions to help auditors develop a consistent approach to Brexit across the practice.

Brexit and audit: risk factors

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

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.

2021 IFRS Accounts

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This factsheet highlights new and modified requirements for preparers of IFRS accounts for accounting periods beginning on or after 1 January 2021, as well as the implications of COVID-19, Brexit and climate change.