Charities play a significant role in the fabric of our national life, but they are being scrutinised more closely than ever. In this Audit insight, ICAEW has collated the expert knowledge of external auditors and ICAEW specialist staff to set out a series of recommendations to help charities to demonstrate their positive impact and become more resilient and transparent.
Audit insights: small businesses highlight opportunities and pitfalls in running a small business. It advises SMEs to plan realistically; build digital skills to match growth aspirations; anticipate cash collection delays; and develop mental agility.
Here we identify five areas of interest to construction businesses, clients, investors and policy-makers. These are: work, collaboratively to help plan for the future; procure and bid responsibly and deliver consistently; address the shortage of skilled labour; be more transparent in reporting; and invest information systems.
Audit insights: manufacturing highlights four burning issues: the highly cyclical nature of the sector; funding requirements; attracting, retaining and rewarding people; and management information and IT systems.
The balance sheets of retailers are being radically transformed by the new international accounting standard IFRS 16 Leases, but its impact is being felt commercially by all retail stakeholders. The report helps retailers and external users of accounts to understand some of the important issues that will need to be addressed as the standard is implemented.
Retailers’ profit margins are addressed in this Audit insights: retail report as we focus on three key impact areas: changing business models; the living wage; and the volatility of foreign exchanges.
This update to the 2013 Audit insights: retail report raises three specific issues and concerns that auditors are aware of in the 2014 retail landscape: understanding retail business changes; trust, transparency and reporting; and impacts of change.
Audit insights: retail 2013 provides valuable insights into the retail sector in three key areas: IT systems and data management, retailer's property portfolio, and key performance indicators.