Auditor communications: who cares?
By understanding the range of auditor communications, stakeholders will gain a better overview of the purpose and context of the independent auditor's report and the statutory auditor's wider impact and role.
Deconstructing the auditor's report
Take a deep dive into the key elements of the auditor’s report. The Auditor Reporting Lab explores the purpose of the auditor's report, its key users and the information to look out for.
Rethinking the auditor’s report: breaking the boilerplate barrier
The auditor’s report is the centrepiece of the audit process and there’s a growing recognition that thoughtful enhancements in both structure and communication style can make these reports more user friendly. ICAEW showcases examples of good practice in auditor reporting.
Mind your language: inside the auditor’s vocabulary
Auditors' reports include useful observations, but their impact is often diminished by dense language and hedging. Linguistic analysis commissioned by ICAEW highlights how small shifts in tone and structure can make reports clearer, more concise and more useful to stakeholders.
Revised auditor reporting standards: the key changes
The revisions to ISAs (UK) 700, 701 and 720 aim to declutter and simplify the audit report and provide more relevant information for investors. How successful have they been?
How the audit report is evolving
ICAEW’s Auditor Reporting Lab is exploring how audit reports can be – and are becoming – more informative and easier to digest, with a focus on improving clarity and user-friendliness while maintaining compliance with auditing standards.
The audit report is changing: why should you care?
Ahead of the revised auditor reporting standards, ICAEW’s Auditor Reporting Lab is helping stakeholders make sense of the audit report, how it's evolved and where it's going. Here's why it matters.
Andy Cosstick, VP Finance & Accounting, Masdar
Caroline Britton, Non Executive Director
Charles Henderson, Chair, UK Shareholders’ Association
Chris Simpson, Investor Relations Manager, Drax
Chris Smith, Partner, Head of Quality, Grant Thornton UK LLP
Daniel Thompson, Group FP&A Director, Currys plc
Hugh Morgan, Technical Director, RSM UK Audit LLP
James Ferris, Director of Audit Policy, FRC
Jayne Kerr (Chair), Audit Public Policy Leader, PwC UK
Jon Seaman, Partner, Forvis Mazars
Matt Howells, Partner, Audit Technical, Azets
Pamela Taylor, Partner, Department of Professional Practice, KPMG UK
Patience Matereure, Director, Audit Quality Department, BDO LLP
Peter Kitson, Project Director, Audit and Assurance Policy, FRC
Peter Reilly, Managing Director, Corporate Governance, ESG & Sustainability, FTI Consulting
Philip Lenton, Audit & Assurance Technical/Methodology Partner, Deloitte LLP
Sarah Lyon, Partner, UK Professional Practice Department, Ernst & Young LLP
Further resources
Audit in depth
In-depth guidance on completing all stages of an audit as well as how to make the decision as to whether or not an audit is required.
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Audit reports
Understand how to prepare an audit report for an array of different circumstances, sectors and legislation.
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