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Audit and assurance CPD resources

A selection of resources to support the continuing professional development for those working in audit and assurance. See the latest support on quality management, risk assessment and professional judgement in audits, as well as information on regulation, standards and guidance.

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Resources

Audit & Beyond

Topical features and commentary from experts helping to put audit into context.
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Resources

Professional judgement

ICAEW brings together a range of resources on professional judgement to help you develop your skills in approaching difficult judgements.
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Exclusive
Soft skills

What makes a good audit manager

Focusing on five key elements can help you to balance the technical and non-technical demands of this role.
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Resources

Audit and Fraud

In this Insights special we look at the vital role auditors play in identifying fraud in the financial sector and examine how fraud can be addressed.
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Resources

Auditing Accounting Estimates

Access resources and support tools on auditing accounting estimates, covering auditors’ responsibilities under auditing standards and practical challenges.
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Latest on audit

Guidance and support from Audit and Beyond and the Audit and Assurance Faculty's technical news in brief.
Technical new in brief November 2023
  • Article
  • 26 Apr 2024
ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics.
Technical news in brief December 2023
  • Article
  • 26 Apr 2024
ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics.
Exclusive Technical news in brief
  • Article
  • 12 Apr 2024
ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics.
Exclusive Q&A: March 2024
  • Helpsheets and support
  • 14 Mar 2024
ICAEW’s Technical Advisory Service answers topical questions on UK audits and offers pointers to ICAEW guidance and other relevant resources.
Exclusive Audit and reporting updates: March 2024
  • Article
  • 14 Mar 2024
Corporate governance, engagement quality control reviews, CASS audits and more.
Exclusive IAASB standard for auditing less complex entities
  • Article
  • 14 Mar 2024
Published in December 2023, the standalone global ISA is a significant achievement for the IAASB. We take a look at the new standard and plans for its adoption.
Exclusive Updating and enhancing external audit confirmations
  • Article
  • 14 Mar 2024
What do UK auditors need to know about the revised ISA (UK) 505 on external confirmations? Kyle Gibbons offers some insights.
Why audit? Because variety brings opportunity
  • Article
  • 14 Mar 2024
Tim Rush, Audit Partner, KPMG, talks about the breadth of experience his career in audit has offered, and why it’s a career worth considering.
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Audit regulation

Regulations and guidance for those working in the regulated area of audit in the UK, Ireland and the Crown Dependencies.

Why the resilience statement hasn’t gone away
  • Article
  • 18 Apr 2024
Despite the government dropping a requirement for UK plc to produce a resilience statement, some businesses still see the benefits of adopting its principles.
ISQM1: early findings from quality assurance monitoring
  • Article
  • 04 Apr 2024
The International Standard on Quality Management 1 (ISQM1) replaced ISQC1 in December 2022 to help firms proactively manage audit quality. Over the last 15 months ICAEW Quality Assurance Department (QAD) reviewers paid close attention to how firms have adopted this new quality management system and provided relevant guidance where needed. We look at the early findings and highlight what QAD will be looking for in 2024.
We need audit reform from our next government
  • Article
  • 28 Mar 2024
ICAEW has given evidence to the Business and Trade Committee on the challenges of audit and corporate governance reform. Iain Wright, ICAEW’s Managing Director, Reputation and Influence, explains what’s needed.
ICAEW acting on audit quality
  • Hub page
  • 19 Mar 2024
Organisations, stakeholders and the public rely upon the quality of audits. Find out how ICAEW is working to support our members and the wider audit sector in implementing best practice and ensuring the quality of audits.
Audit representations
  • Listing
  • 19 Mar 2024
ICAEW is committed to sharing the experience and expertise of our members to shape audit regulations, standards and policies. Read our latest representations, which include our responses to consultations from government departments, regulators and standard-setters.
UK company size thresholds to rise
  • Article
  • 19 Mar 2024
The monetary thresholds that determine company size are being raised by 50% as part of a drive to cut complexity and burden from legislative reporting requirements.
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Internal audit

Access the latest thinking on internal audit from ICAEW and others across the finance and auditing sector, as well as useful links to international internal audit standards and best-practice guidance.

Exclusive Empowering internal auditors to be bold and brave
  • Article
  • 09 Apr 2024
The Chartered Institute of Internal Auditors (CIIA) has announced a consultation to revamp its two Codes of Practice (for financial services and non-financial services).
Exclusive Integrated vs. coordinated assurance: Which is for me?
  • Article
  • 09 Apr 2024
As organisations strive to enhance their risk management and governance practices, the concepts of integrated and coordinated assurance have gained prominence.
Exclusive Unsung heroes, navigating career challenges to drive value
  • Article
  • 09 Apr 2024
ICAEW recently hosted a webinar where three experienced internal audit professionals shared their insights on the evolving landscape of internal audit, the skills needed to succeed in this field, and strategies for overcoming common challenges.
Exclusive Corporate Governance Developments for Internal Auditors
  • Article
  • 08 Apr 2024
After what seems like a very extended waiting period we finally have the revised UK Corporate Governance Code (the Code) and associated Guidance.
Updated internal audit code to boost corporate governance
  • Article
  • 26 Mar 2024
Revised Internal Audit Code of Practice aims to empower internal audit by acting as a practical guide to supporting board disclosure on risk management and internal control frameworks.
Exclusive The role of Internal Audit in ethical AI
  • Article
  • 21 Mar 2024
As AI progresses and gains wider acceptance, ethical considerations become increasingly significant. AI introduces ethical challenges across various domains, including democracy, justice and diversity and inclusion. This article explores these considerations, the associated risks, and the role internal auditors can play in promoting ethical conduct.
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Professional judgement

New course helps accountants hone professional judgement
  • Article
  • 02 May 2024
Free to members, the elearning path has emerged from joint work between ICAEW and Professor Sir Andrew Likierman – one of the world’s top experts on judgement.
How to master the Ethics in Practice scenarios
  • Article
  • 29 Feb 2024
Developing a mindset of professional scepticism is essential in addressing ethical dilemmas in the workplace, says ICAEW Ethics Moderator Caroline Fox.
2022/23 Audit Monitoring Report: leveraging insights to improve performance
  • Article
  • 05 Dec 2023
ICAEW’s Audit Monitoring Report for 2022/23 has recently been published. Duncan Wiggetts, Chief Officer for Professional Standards, and Trevor Smith, QAD Director, outline the report’s key findings and explain how you can use these to drive improvement.
Exclusive Using experts when auditing specialist areas
  • Article
  • 17 Nov 2023
Using an internal or external expert on an audit? Peter Herbert and Rhodri Whitlock share some key considerations, highlight do’s and don’ts, and suggest a framework for well-reasoned documentation.
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Quality management

Resources to help prepare for new quality management standards ISQM 1, ISQM 2 and ISA 220 (Revised).

Technical news in brief December 2023
  • Article
  • 26 Apr 2024
ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics.
Stepping up to the challenge
  • Article
  • 08 Apr 2024
ICAEW’s Professional Standards Department (PSD) has recently made three new senior management appointments. We ask Sophie Wales, Director of Regulatory Policy, Sarah Brook, Director of Investigations, and Nick Reynolds, Head of Audit, about their new roles, and their priorities for the future.
A busy new tax year, plus progress on the Economic Crime Act
  • 08 Apr 2024
In this episode, we discuss why the arrival of the 2024/25 tax year is particularly busy for accountants, and the main changes to be aware of from 6 April.
ISQM1: early findings from quality assurance monitoring
  • Article
  • 04 Apr 2024
The International Standard on Quality Management 1 (ISQM1) replaced ISQC1 in December 2022 to help firms proactively manage audit quality. Over the last 15 months ICAEW Quality Assurance Department (QAD) reviewers paid close attention to how firms have adopted this new quality management system and provided relevant guidance where needed. We look at the early findings and highlight what QAD will be looking for in 2024.
ICAEW acting on audit quality
  • Hub page
  • 19 Mar 2024
Organisations, stakeholders and the public rely upon the quality of audits. Find out how ICAEW is working to support our members and the wider audit sector in implementing best practice and ensuring the quality of audits.
Exclusive Audit and reporting updates: March 2024
  • Article
  • 14 Mar 2024
Corporate governance, engagement quality control reviews, CASS audits and more.
More

Risk assessment

Technical news in brief December 2023
  • Article
  • 26 Apr 2024
ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics.
Exclusive ISA 315: Assembling the building blocks
  • Article
  • 14 Mar 2024
Rhodri Whitlock and Paul Winrow outline some of the main benefits and opportunities of embracing the revised ISA 315.
Making sense of sampling and substantive analytical review
  • 07 Mar 2024
Join us as we explore robust sampling and effective substantive analytical procedures in the context of revised ISA 315, and in light of the FRC’s recent thematic review of audit sampling.
Exclusive Q&A: January 2024
  • Helpsheets and support
  • 12 Jan 2024
If your firm provides payroll services to an audited entity there are implications for the auditor. This Audit & Assurance Faculty Q&A outlines the considerations.
Exclusive Hot topics and tips for 2024
  • Article
  • 12 Jan 2024
Firms will have plenty of audit market, economic and regulatory changes to consider during 2024. Peter Herbert highlights some key focus areas and suggests some practical actions.
Exclusive ISA 315: Putting the building blocks together
  • 06 Dec 2023
This webinar will focus on the audit response to the application of the new ISA.
More

Standards and guidance

 
ICAEW REP 039-24 Using the work of an external expert
  • Representation
  • 02 May 2024
  • PDF (273kb)
A representation dated 29 April 2024 to a consultation published by the International Ethics Standards Board for Accountants on 29 January 2024.
Technical news in brief December 2023
  • Article
  • 26 Apr 2024
ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics.
Business should embrace the audit and assurance policy
  • Article
  • 09 Apr 2024
Despite the UK government dropping corporate governance reforms, many audit committee chairs are likely to continue following the principles behind the Audit and Assurance Policy even if they don’t publish a statement.
ISQM1: early findings from quality assurance monitoring
  • Article
  • 04 Apr 2024
The International Standard on Quality Management 1 (ISQM1) replaced ISQC1 in December 2022 to help firms proactively manage audit quality. Over the last 15 months ICAEW Quality Assurance Department (QAD) reviewers paid close attention to how firms have adopted this new quality management system and provided relevant guidance where needed. We look at the early findings and highlight what QAD will be looking for in 2024.
We need audit reform from our next government
  • Article
  • 28 Mar 2024
ICAEW has given evidence to the Business and Trade Committee on the challenges of audit and corporate governance reform. Iain Wright, ICAEW’s Managing Director, Reputation and Influence, explains what’s needed.
ICAEW REP 034-24 CIPFA LASAAC Accounting Code of Practice
  • Representation
  • 28 Mar 2024
  • PDF (165kb)
A representation dated 28 March 2024 to a consultation published by CIPFA LASAAC on 29 February 2024.
More

Webinars

 
Introduction to CSRD and SEC Climate Reporting & Assurance requirements
  • 29 Apr 2024
An Overview of Corporate Sustainability Reporting Directive and SEC Climate disclosures.
Making sense of sampling and substantive analytical review
  • 07 Mar 2024
Join us as we explore robust sampling and effective substantive analytical procedures in the context of revised ISA 315, and in light of the FRC’s recent thematic review of audit sampling.
Exclusive ISA 315: Putting the building blocks together
  • 06 Dec 2023
This webinar will focus on the audit response to the application of the new ISA.
Hot topics and tips for 2024 audits
  • 14 Nov 2023
Join Peter Herbert for this webinar aimed at helping small and medium sized audit firms get ready for the 2023/24 reporting season.
More

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All audit and assurance resources

Access all of the resources provided by ICAEW on audit, assurance and working in the regulated area of audit. This includes the latest on the proposals to restore trust in audit and corporate governance, as well as all of the content created by ICAEW's experts in the Audit and Assurance Faculty.

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Audit and Beyond

Audit & Beyond provides topical features and opinion pieces on audit and assurance, plus all the latest news and developments.

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Audit and assurance courses

Browse the range of ICAEW's CPD courses on audit and assurance, covering accounting estimates, becoming an audit responsible individual and ISAs.

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