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2020/21 Reporting Season

Reporting on 2020/21 will be a challenge but there may also be opportunities for the development of corporate information despite the uncertainty. What do shareholders, investors and other stakeholders want from corporate reporting at this difficult time?


Find the help you need

This flowchart helps to assess the impact of COVID-19 and Brexit on businesses and the implications for 2020/21 financial reporting.

Interviews and insights

2020/21 Reporting Season: how much harder could it be for retailers?


13 January 2021: With a difficult year behind them, the upcoming reporting season is likely to cause further issues for both retailers and their auditors. We speak to Jacqui Baker, boutique owner and Audit Director at RSM UK Audit, about year ends, going concern and wellbeing.

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Technical guidance

Some of the resources below are only open to ICAEW members.


Brexit and audit: risk factors


Auditors will need to consider how Brexit-related risks could impact on the firms they are auditing. Our guide provides a framework for that analysis.

Coronavirus (COVID-19)


Analysis, insights, guides and resources on the coronavirus pandemic and its impact.

Materiality in the audit of financial statements


Applying the materiality requirements in International Standards on Auditing (ISAs) can be challenging. As highlighted in inspection findings, reviews and from experience in practice, it’s an area where improvement could be made.

Auditing estimates and related disclosures


ISA 540 (Revised) Auditing accounting estimates and related disclosures is effective for audits of financial statements for periods beginning on or after 15 December 2019.

Introducing ISA 540 (Revised) on auditing estimates

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The IAASB has issued ISA 540 (Revised) Auditing accounting estimates and related disclosures. There are some changes and new requirements in ISA 540 (Revised) that are likely to prove more challenging for auditors to implement.

Financial reporting

Coronavirus government support schemes under FRS 102

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Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.