The Audit and Assurance Faculty knows that practitioners who perform audits in medium-sized and smaller firms deserve help.
When clarified ISAs were first implemented in 2010, practitioner members of ICAEW’s long-established ISA Implementation group put together its Right First Time with the Clarified ISAs guide, comprised of ten practical modules covering areas of particular concern to practitioners in medium-sized and smaller firms. Each of those modules is accompanied by a 10-20 webinar produced by its authors. All are available to faculty members and for a small charge to non-faculty members. Areas covered include understanding and documenting internal control, materiality and documentation of significant judgements.
International and Spanish versions of the Right First Time guide are also available.
We are building on the success of this publication by adding more modules, articles and other resources, all written by practitioners, for practitioners.