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Audit and Assurance Conference 2022

Wednesday 12 October

Change and Challenge. This year’s live Audit and Assurance Conference will explore the changes ahead for auditors and feature an expert panel debating how to address the biggest practical challenges facing audit firms today.

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Stay informed and get involved in discussions on the key topical audit issues of today.



Gain insights into audit file inspection findings.


In-person networking

Network and engage with other audit firms and professionals.



Find out how technology is changing the way we audit



Understand the considerations for auditors now and in the future

2022 programme

Welcome address
Gilly Lord, Chair of Audit and Assurance Faculty Board, Global Leader, Public Policy & Regulation, PwC
Julia Penny, President, ICAEW
Panel: what are the biggest practical challenges facing audit firms today and what can be done to address them?
Our panel session will ask the question, what are the top three practical challenges facing audit firms today and what is being done to address them? We will discuss how firms are embracing today’s challenges, what lessons can be learnt and how firms can prepare for future changes. Speakers: Catherine Hardinge, Partner, Price Bailey LLP | Rachel Davis, Owner, Just Audit | Alex Peal, Managing Partner James Cowper Kreston | David Isherwood, Ethics Partner, BDO
Breakout session 1
Choose from one of the sessions running simultaneously
Breakout session 2
Choose from one of the sessions running simultaneously
Closing comments
Gilly Lord, Chair of AAFB, Global Leader, Public Policy & Regulation, PwC
Networking drinks reception

Breakout session 1

Audit file inspections – key findings and insights
ICAEW’s Quality Assurance and the FRC’s Audit Quality Review team will provide an update on their key file review findings and offer an insight into priority areas they will be looking at going forward, including their expectations for firms in these areas. Speakers: Nick Reynolds, Senior Manager, Quality Assurance, ICAEW | Ed Cadby, Inspection Leader, Financial Reporting Council
Option 1
ISA 315
Join our session exploring the main challenges for firms implementing the revised ISA 315 for December 2022 audits. Understand the impact for firms and learn how you will need to revise your approach to risk assessments. | Speaker: Rhodri Whitlock, Assurance and Advisory Consultant, HPL Associates
Option 2

Breakout session 2

Sustainability, climate change and the auditor
Hear from one of the IAASB’s board members on the IAASB’s proposed action for assurance on sustainability/ESG reporting before looking at the current considerations for auditors in this area, with a particular focus on small and medium sized audit practices. This session will also include an update of IAASB's other key public interest projects. | Speaker: Sue Almond, Consultant, Grant Thornton
Option 1
How is technology changing what and how we audit?
Join this session from conference partner Confirmation, who will address the following: 1. How are audits changing and what does this mean for audit teams? 2. What do I need to remember when assessing going concern? 3. How can technology help to enhance audit quality? 4. How can technology help to streamline the audit process? 5. What does the future of auditing look like? | Speaker TBC, Confirmation
Option 2

Our speakers

David Isherwood
Sue Almond Consultant, Grant Thornton

Sue Almond became a member of the IAASB in January 2020. Sue was Global Head of Assurance with Grant Thornton International. She is a former chair of GTIL's Audit Methodology and Learning Steering Committee. Sue led the ACCA's external affairs program and has worked with global standard-setters and major public affairs stakeholders. Sue was a member of the International Integrated Reporting Council. She has served as chair of the Global Public Policy Group (GPPC; largest 6 accountancy networks) Standard Setting Working Group.

Ed Cadby
Ed Cadby Inspection Leader, Financial Reporting Council

Ed Cadby has been leader of Audit Quality Review inspections at Tier 2 and 3 firms since 2018. Prior to joining the FRC Ed worked at PwC, working across audit assurance and transaction services. In recent years Ed led the FRC’ thematic studies on Audit Quality Indicators (May 2020) and Going Concern (Autumn 2020). He started his financial career in a legacy firm of RSM, and a large independent firm, before joining PwC. Ed has lectured on audit quality, both in the UK and internationally, and is currently heading the AQR’s training program.

Rachel Davis
Rachel Davis Owner, Just Audit

Rachel Davis is a chartered accountant and managing director of Just Audit Limited. Rachel launched Just Audit in 2006 to do exactly that – just audit. Together with her team, she works across the UK alongside accountancy firms, and their clients, providing a pure, independent audit service, principally for less complex entities. Rachel has served on the ICAEW Practice Committee since 2011 and is a committee member (and past President) of the West Yorkshire Society of Chartered Accountants.

Catherine Hardinge
Catherine Hardinge Partner, Price Bailey LLP

Catherine is the Audit, Ethics and technical partner at Price Bailey LLP. She was appointed the group’s Compliance Partner in January 2014. Catherine advises the firm on a range of audit, ethics and financial reporting matters. She has significant experience of managing a broad range of corporate and not for profit clients. Catherine is also a member of the Education and Training Board of the ICAEW and also a member of Technical and Practical Auditing Committee at ICAEW.

David Isherwood
David Isherwood Ethics Partner, BDO

David is Ethics Partner in the UK firm of BDO. He specialises in audit methodology, ethics and public policy matters and is a member of the UK firm’s Business Interest Oversight Board. David is Chair of ICAEW's Technical and Practical Auditing Committee.

Gilly Lord
Gilly Lord Global Leader, Public Policy & Regulation, PwC

Gilly is a PwC UK partner and chartered accountant. She is a practising audit partner and is PwC's Global Leader for Public Policy & Regulation. She is Chair of the ICAEW’s Audit and Assurance Faculty and is a Council Member at the ICAEW.

Alex Peal
Alex Peal Managing Partner, James Cowper Kreston

Alex Peal is joint managing partner of James Cowper Kreston, a top 50 firm of Chartered Accountants and Business Advisors based in London and the South of England. He is an audit partner at the firm and his client portfolio includes a wide range of owner managed companies, charities and academy schools. Outside the firm he is a member of the International Federation of Accountants’ SMP Advisory Group and the ICAEW Audit Faculty Board.

Nick Reynolds
Nick Reynolds Senior Manager, Quality Assurance, ICAEW

Nick Reynolds is a senior manager in the Quality Assurance Department. Since joining ICAEW in 2007 he has undertaken audit monitoring reviews to a wide range of firms throughout the UK.

Our partners

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