Latest articles
27 Jul 2022
Can ARGA fix local audit?
Will the new regulator have what it takes to tackle the problems that are plaguing local authority audits? Voices from three stakeholder bodies provide their thoughts on the Audit, Reporting and Governance Authority’s potential effectiveness.
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27 Jul 2022
Mapping out a robust Audit and Assurance Policy
Under UK government plans, the nation’s largest companies will soon be expected to publish a triennial Audit and Assurance Policy. What are the fundamental steps for getting this right?
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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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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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27 Jul 2022
New ICAEW hub to raise awareness of public sector audit
Assurance about the way public funds are spent has reached a critical juncture. ICAEW’s new UK Public Sector Audit hub provides clarity on the similarities and differences between public sector and private sector audit, as well as the variations between the UK’s four nations.
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27 Jul 2022
The Resilience Statement – everything you need to know
As part of the wider shake-up of corporate governance and audit reform, the government has proposed the introduction of a Resilience Statement for Public Interest Entities in a bid to improve corporate reporting and shore up confidence in UK plc.
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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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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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20 Jul 2022
Investment boosting UK audit quality, says FRC
Leading auditors’ ongoing work to develop new technology and build effective internal cultures is paying dividends, according to the regulator’s latest audit quality review.
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19 Jul 2022
Audit and corporate governance reform: the next steps
The timeline for implementation when it comes to audit and corporate governance reform is uncertain, but the profession must play its part in making this happen.
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18 Jul 2022
The tech challenges and opportunities for audit
While methodologies for audit remain the same, software has evolved fast. On the path towards a more technologically advanced process, audit needs to adapt to take a more detailed analytical approach.
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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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13 Jul 2022
FRC position paper: ‘the profession should lean in’
The FRC is taking an incremental approach to moving forward the audit and corporate governance reform agenda. It leaves the profession with plenty to do if momentum is to be maintained.
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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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