Technical updates and guidance

19 May 2020: Small employers and their tax agents will be able to submit claims for rebates of statutory sick pay linked to coronavirus from 26 May, HMRC has confirmed.

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.

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.

The Audit and Assurance Faculty have produced this two part guide for auditors, covering COVID-19 considerations for auditing going concern, and how to report when a material uncertainty relating to going concern exists.

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.

Factors to consider when doing a going concern assessment and the practical implications for financial reporting.

Factors to consider when preparing financial statements with early 2020 year ends.