The Audit and Assurance Faculty at ICAEW has updated five of its popular audit report wording guides to reflect changes to auditing standards.
Financial reporting news and insights
Articles, updates and features from ICAEW offering analysis and commentary on how the UK's exit from the EU affects financial and corporate reporting.
16 February 2021: The double whammy of Brexit and COVID has prompted an important focus on approaches to audit that could prove beneficial to auditors and clients alike.
15 December 2020: ICAEW’s Financial Reporting Faculty’s short guide looks at the main areas of focus.
10 December 2020: As companies prepare to embark upon the 2020/21 reporting season, questions around judgments and estimates, impairments and financial instruments have topped the list of problematic financial reporting areas
3 November 2020: Reporting on 2020 will be a challenge. The Financial Reporting Council Lab acknowledges this but also flags opportunities for the development of investor information despite the uncertainty.
2 November 2020: Coronavirus, Brexit and the impacts of climate change add up to a reporting season like no other for chartered accountants, writes ICAEW CEO Michael Izza.
26 October 2020: The FRC’s Executive Director, Regulatory Standards, Mark Babington, urges the profession and all businesses to put clarity of information and high-quality assurance at the forefront during this difficult time.
10 March 2020: IFRS as adopted by the UK will replace its EU counterpart when the Brexit transition period ends on 31 December. Will this mean significant change for companies currently preparing accounts under EU-adopted IFRS?
24 February 2020: on 31 January 2020 the UK left the EU. Or did it? From a financial reporting perspective, very little has changed.