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Insights special

Future of audit

Following the UK government's feedback statement on audit and corporate governance reform, we explore the various factors shaping the profession in 2022.

Latest articles

London skyline at dusk 27 Jul 2022
The new definition of PIE

The government is set to expand the definition of public interest entities, bringing as many as 600 new companies under the new classification. There remain concerns, however, about the government’s approach.

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Low-angle shot of skyscrapers 27 Jul 2022
How to retain talent in audit

Auditors frequently struggle to hang on to their brightest talent. What should they do to boost retention rates? Firms and recruitment specialists provide some ideas.

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Commuters walking past in the foreground with the London skyline in the background 26 Jul 2022
Auditing with inflation on the rise

The UK inflation rate hit 9.4% in July 2022, and is rising. This presents a challenge to management and auditors alike. Despite high inflation being common in the 1970s and 1980s, inflation has only been above 3% twice in the last 30 years. Auditors will need to understand the impacts. We outline some of the key areas of the audit that may be affected by inflation.

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A person working at a table with a laptop, papers and a calculator 25 Jul 2022
What more can auditors do to tackle fraud?

The role of the auditor has been called into question as never before. ICAEW’s new publication highlights how audit firms are rising to the challenge and considers what more they can do to fight fraud.

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A person at a desk with papers and a laptop 15 Jul 2022
Using tech to enhance audit

The rate of technology adoption has accelerated during and post-pandemic as firms have engaged with new ways of working. How are these ever-changing tools reshaping audit?

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Future of Audit 19 Sep 2020
Five views on the future of audit

Pressure is growing on the profession to address the challenges of audit reform. We offer some perspectives on the future of audit, along with an argument for change from ICAEW.

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