Technical updates and guidance

Support on the CJRS, the government scheme to help businesses retain furloughed staff during the COVID-19 pandemic, including details of the changes being brought in from 1 July that introduces flexible furloughing.

Information on SEISS, the government's key support scheme for the self employed during the COVID-19 pandemic, including details of the application process.

ICAEW's Tax Faculty provide guidance on the UK governments new job support scheme which will partially subsidise employees wages in organisations affected by the coronavirus pandemic.

This Know-How guide from ICAEW’s Audit and Assurance Faculty covers what irregularities are, how the requirements have changed in ISA (UK) 700 (Revised January 2020), what should be reported on in the auditor’s report, and how COVID-19 may impact what is reported.

An auditor may conclude that a matter disclosed in the financial statements is so important that it is fundamental to users’ understanding of those financial statements. In this case an emphasis of matter paragraph will be included in the auditor’s report, which draws the reader’s attention to the entity’s disclosures.

This Know-How Guide from ICAEW’s Audit and Assurance Faculty considers a selection of frequently asked questions about auditing remotely in light of the coronavirus pandemic. It may be updated or extended from time to time in response to events and member feedback.

ICAEW’s Audit and Assurance Faculty shares a recording of its recent webcast on the challenges faced when auditing going concern in light of the COVID-19 pandemic.

Reporting on 2020/21 will be a challenge but there may also be opportunities for the development of corporate information despite the uncertainty. What do shareholders, investors and other stakeholders want from corporate reporting at this difficult time?

A short guide on the impact for entities with 2019 and early 2020 year-ends preparing accounts in accordance with IFRS or the IFRS for SMEs.

This guide identifies some key areas where entities might need to consider the impact of COVID-19 when preparing disclosures within their annual report and accounts.

18 June 2020: Amendments to IFRS 16 Leases to help lessees account for rent concessions as a result of the Coronavirus pandemic.

20 October 2020: Heightened levels of uncertainty combined with the hugely increased number of people working from home has created a perfect storm for fraudsters in the charity world, reports Mark Blayney Stuart.

The term "stay alert" is something we have all become accustomed to in recent months as we continue through the implications of the current pandemic.

13 May 2020: the Fraud Advisory Panel is the voice of the counter-fraud profession, committed to tackling fraud and financial crime.

4 May 2020: The COVID-19 pandemic has unleashed a fresh wave of cyberattacks targeting remote workers and businesses.

The National Cyber Security Centre (NCSC) has recently produced advice and guidance to help individuals and businesses who are working from home to stay safe online – this is being added to throughout the pandemic. Two items caught my eye...

Updated 23 April: Within 24 hours of the government’s Coronavirus Job Retention Scheme being launched, online fraudsters had sent a flurry of phishing emails targeting unsuspecting businesses claiming to be from HMRC chief executive, Jim Harra.