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Audit insights: industry sectors

Audit insight reports on industry sectors including retail, charities, manufacturing and more.

Audit insights: charities - positive impacts in challenging times

Audit and Assurance Faculty May 2017

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.

Running a small business

Audit and Assurance Faculty July 2016

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.

Delivering a construction sector fit for future

Audit and Assurance Faculty May 2014

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.

Manufacturing: a roller-coaster sector

Audit and Assurance Faculty July 2013

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.

Retail

Audit insights: retail – are you ready for a radical change?

Audit and Assurance Faculty March 2017

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.

Like-for-like retail sales is not the only story

Audit and Assurance Faculty January 2016

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.

Striking the right balance between online sales and high street presence

Audit and Assurance Faculty January 2014

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.

Changing business models leading to changing risks

Audit and Assurance Faculty January 2013

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.