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Future of assurance

Through its Audit & Assurance Faculty, ICAEW promotes dialogue about assurance services to help practitioners and those commissioning and using assurance reports.

The Audit and Assurance Faculty has brought together investors and assurance experts to discuss this fast-developing field and created The Audit and Assurance Innovation Panel (TAAIP). The panel works to share emerging best practice, develop innovative thinking and look ahead to where the assurance market is going next. 

Our aim is to:

  • Find out where new services could strengthen markets and support economic confidence by making information flows more credible.
  • Ask how the International Framework for Assurance Engagements can be applied and developed.
  • Answer demands for practical guidance to meet emerging market needs.

We do this by:

  • Convening debates on the developing market, engaging with stakeholders and thinking about the future of assurance;
  • supporting other bodies such as the International Auditing and Assurance Standards Board (IAASB) with their work on non-audit assurance;
  • providing technical releases for reference in regards to specific engagements, and application guidance that addresses all kinds of assurance engagements; and
  • addressing the confusion in the market that can lead to false assurance, both by cutting through the jargon  and by promoting clarity reporting.

Read our publications on the future of assurance:

The journey: assuring all of the annual report?

Businesses, investors, accountants and regulators are all on a journey to find the right assurance over the right information in the financial statements, the rest of the annual report, and beyond.

Assurance mapping

Assurance maps can be a powerful tool providing great insights for boards, senior management and audit committees. Here the Audit and Assurance Faculty explores the concept of assurance maps and the benefits to various stakeholders.

How can accountants best support small businesses?

Accounting experts from across Europe share their experiences offering services to audit exempt businesses, and consider the future of the profession. Summary of the joint FEE / ICAEW event held in February 2014.

ICAEW's assurance resource

This page is part of ICAEW’s online assurance resource, which replaces the Assurance Sourcebook.

Find out more.