LCE audit reform plans take a step forward

18 December 2020: Plans for a simplified auditing standard for less complex entities moved a step closer this week

2020/21 Reporting Season: Brexit - where are the risks for auditors?

17 December 2020: Understanding Brexit risk factors is now particularly important given the additional risk of COVID. Entities and auditors will need to analyse and understand the combined impact of these two events.

2020/21 Reporting Season: find the help you need

Help from ICAEW to assess the impact of COVID-19 and Brexit on businesses and the implications for 2020/21 financial reporting.

ICAEW calls for action on new LCE audit standard

11 December 2020: ICAEW has reiterated its appeal for the world’s auditing standard-setter to act decisively on a new audit standard for less complex entities, amid ongoing concerns that the complexity of current audit rules could hamper efforts to rebuild the global economy.

2020/21 Reporting Season: construction year ends – more scrutiny, more problems

12 December 2020: The pandemic and the spectre of Carillion add to the pressure on the construction sector. Yet the UK’s economic recovery rests on infrastructure and house-building projects.

2020/21 Reporting Season: annual reporting? Hong Kong has already been through it

10 December 2020: "We in Hong Kong did the 31 December 2019 reporting season in the middle of COVID. There were some very interesting learning points,” says Andrew Weir.

2020/21 Reporting Season: charity reporting – can viability be based on 2020’s performance?

10 December 2020: “You cannot really base a charity’s future on 2020 because it will not necessarily be anything like what we have just experienced,” says Joanna Pittman, Partner in Sayer Vincent.

Using audit skills to help businesses in trouble

8 December: In these uncertain economic times many organisations will be looking for support in restructuring their business. Ryan Grant, partner at BDO, says accountants looking for a new challenge can use their skills to make a difference and develop their career.

FRC chief: ‘audit is a great leveller’

8 December 2020: Sir Jon Thompson, Chief Executive of the Financial Reporting Council, answers questions on how the FRC has responded to the challenges of COVID-19, progress in audit reform, and the attractiveness of the audit profession.

2020/21 Reporting Season: manufacturing and year-ends

4 December 2020: Johnathan Dudley is a Partner in Crowe UK, Head of Manufacturing, and Managing Partner of the Midlands practice. He is also Chair of ICAEW’s Manufacturing Community Advisory Group and has a significant audit practice reporting into him. What does he say about the 2020/21 reporting season?