ICAEW.com works better with JavaScript enabled.

Audit News

Audit News is your regulatory update containing the latest audit and assurance technical guidance and best practice advice. We email audit compliance principals and responsible individuals when a new issue of Audit News is available. Audit News is also available to all ICAEW members – please select the Audit and Assurance topic from your list of preferences and we will notify you by email when a new issue is available.

 Audit News 61, December 2017

In this issue read more about:

  • Charity audits – changes to the matters to be reported to the Charity Regulator
  • Feedback from the Audit Registration Committee – FRS 102
  • Reporting to the Regulator - ISA (UK) 250 - Section B - Paragraph 13R-1 (ii)
  • iXBRL
  • False Assurance: How would you act?
  • New resources: audit report helpsheets

Audit News 60, July 2017

In this issue read more about:

  • Undertakings given to ICAEW
  • The latest feedback from audit monitoring reviews in Audit Essentials 2017
  • Audit monitoring support webinars
  • New criteria for Use of Description Regulations’ dispensations
  • PII Regulations: Applicants to receive a right of review
  • Materiality in the audit of financial statements
  • Audit insights: charities – Positive impacts in challenging times
  • Audit and Assurance Faculty Autumn Roadshows: case studies and examples in hot audit areas

Audit News 59, March 2017

In this issue read more about:

  • The new Audit Regulations
  • Auditing framework for Ireland  
  • Payment of 2017 audit fees      
  • Irish insurance brokers – filing requirements        
  • Improving audit quality using root cause analysis      

Audit News 58, November 2016

In this issue read more about:

  • International Education Standard 8
  • FRC monitoring of PIE auditors (article written by the AQR team at the Financial Reporting Council)
  • Timing of monitoring visits under the new ARD regime – what to expect?
  • Clients’ Money Regulations – introduction of clients’ money regulation 8A
  • The future of non-audit assurance
  • Audit and Assurance Faculty Autumn Roadshow: 2016 and beyond: future audit challenges and opportunities.

Audit News 57, June 2016

In this issue read more about:

  • Changes to the Audit Regulations – effective 17 June 2016
  • EU audit regulatory reform update: close to a landing
  • New responsible individual application form – effective 1 July 2016
  • Audit Reform implementation
  • Prepare for your firm’s next audit monitoring visit with our latest monitoring report, Audit Essentials 2016. Access the latest guidance based on recent audit monitoring reviews.
  • ATOL reporting
  • Where next with assurance?

Audit News 56, March 2016

In this issue read more about:

  • Reports under the Solicitors Regulation Authority (SRA) Accounts Rules
  • Consultation on guidance on aspects of ICAEW’s Code of Ethics
  • EU audit regulatory reform: where are we?
  • International Education Standard 8
  • Auditor insights into the retail and insurance sectors

Audit News 55, November 2015

In this issue read more about:

  • Audit Essentials 2015 – a report focusing on two themes central to good auditing: setting the right audit strategy and doing a ‘thinking audit’;
  • applying to become an ATOL Reporting Accountant;
  • International Education Standard 8;
  • audit-related CPD;
  • referring to QAD monitoring visits in transparency reports;
  • the transition to FRS 102;
  • advice from the FRC on signing Co-operative and Community Benefit Societies audit reports.

Audit News 54, May 2015

In this issue read more about

  • Reminders from the Audit Registration Committee – annual compliance review and notification of major audit appointments
  • Support with your audit CPD 
  • Audit arrangements for the Crown Dependencies 
  • ICAEW is seeking candidates to join the new ICAEW Regulatory Board 
  • Develop the next generation of audit talent

Audit News 53, November 2013

Audit News 52, November 2012

Audit News 51, June 2012

Audit News 50, December 2011