ICAEW.com works better with JavaScript enabled.

Latest news

Welcome to the Audit and Assurance Faculty latest news page. Here we list our newest articles and publications.

To receive automatic updates of our latest news and publications please subscribe to our RSS feed.


Read our audit guides related to Brexit.

Introducing ISA 540 (Revised) on auditing estimates

Premium Content: This is exclusive item - please log in or subscribe to view this item.

The IAASB has issued ISA 540 (Revised) Auditing accounting estimates and related disclosures and the FRC in the UK is expected to follow suit, with ISA (UK) 540 (Revised July 2018) currently out for exposure. There are some changes and new requirements in ISA 540 (Revised) that are likely to prove more challenging for auditors to implement.

Assurance mapping

Audit and Assurance Faculty

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.

FRC Ethical Standard Practical Challenges

Premium Content: This is exclusive item - please log in or subscribe to view this item.

In this webinar, the BDO Ethics team will share their experiences of implementing and interpreting key provisions of the FRC Ethical Standard.

Worthwhile or wasteful: understanding the value of external confirmation

Audit and Assurance Faculty

Join Confirmation.com’s International President, Dave Malone, and UK Account Manager, Kyle Gibbons, as they shed light on the above questions, discuss best practices for an independent confirmation process, and argue for the continued value of audit evidence obtained through robust, third-party confirmations.

Scepticism: the practitioners' take

Professional scepticism is central to the work of auditors and yet audit regulators and others continue to express concerns that auditors are not sufficiently sceptical. This report explores what auditors and other stakeholders think about how it can be enhanced and who is responsible for it.

How to audit culture

Audit & Assurance Faculty

This practical guide outlines the eight steps to follow to conduct a successful internal audit of culture.

How do you audit a robot?

Internal Audit Panel

Guidance for internal auditors on providing assurance over robotic process automation (RPA). The ICAEW’s Internal Audit Panel outline the key risks for organisations in implementing RPA and how internal audit can mitigate these risks. ICAEW members can download more detailed guidance.

Auditing estimates

Premium Content: This is exclusive item - please log in or subscribe to view this item.

Access resources on auditing accounting estimates to help you understand your responsibilities and deal with practical challenges. You’ll find information to help you to prepare for changes in requirements, in the light of IAASB’s revision of ISA 540.

Showing 10 of 11 items