ICAEW.com works better with JavaScript enabled.

Audit News is your regulatory update containing the latest audit and assurance technical guidance and best practice advice. We email audit compliance principals and responsible individuals when a new issue of Audit News is available. Audit News is also available to all ICAEW members – please select the Audit and Assurance topic from your list of preferences and we will notify you by email when a new issue is available.

Audit News 74, June 2023

In this issue read more about:

  • Special entrant route for the Audit Qualification (AQ)
  • ISQM 1: implementation and expectations
  • Updated UK Audit Regulations, effective 1 June 2023
  • Matters of Material Significance reportable to UK charity regulators
  • Quality assurance monitoring of ICAEW audit firms
  • Check your eligibility status - stay alert
  • Events and webinars
  • CPD is changing
  • Changes to ICAEW's disciplinary process
  • Have your say: PII review
  • Statement on engaging in public practice
  • Regulation in times of change
  • Annual return to ICAEW
  • Strength through diversity: building better committees
  • Resources and useful links

Audit News 73, March 2023

In this issue read more about:

  • Audit quality concern from 2022 monitoring reviews
  • Key ISQM 1 resources
  • New UK Audit Regulations
  • Which audit form and when?
  • Audit Monitoring Report 2021/22
  • CPD for the future: reducing risk, enhancing trust
  • A disciplinary framework fit for the future
  • Richer conversations
  • What does climate change mean for business?
  • Serve on our regulatory and disciplinary committees

Audit News 72, November 2022

In this issue read more about:

  • PIE audits: new registration requirements
  • Risk alert for new audit tenders
  • Auditor resignations: your responsibilities
  • Good practice when taking on new audits
  • Local audit quality inspection results published
  • Quality management in audit firms
  • ISA 600: what’s new in group audits?
  • Compliance reviews: a positive learning experience
  • Enhanced ICAEW membership
  • Quality Assurance monitoring feedback results 

Audit News 71, June 2022

In this issue read more about:

Audit News 70, February 2022

In this issue read more about:

  • Statutory six-year cycle for audit monitoring
  • Be prepared for Quality Management standards
  • Third country audit registration in the EU
  • Listen again: Audit Update – Q4 2021
  • Quality assurance monitoring: view from the firms
  • Give your view: changes to ICAEW’s disciplinary framework
  • Resourcing root cause analysis
  • Plan ahead: regulatory applications and firm structure changes
  • Audit monitoring: telling the story

Audit News 69, November 2021

In this issue read more about:

  • Reporting matters of material significance to charity regulators
  • An update on your audit monitoring visits
  • Have you completed your feedback survey?
  • New webinar: Quality Assurance – Audit Update (Q4 2021)
  • What good looks like?
  • Stepping into the regulatory sphere
  • BEIS White Paper: a regulatory response
  • Does your firm have the right insurance cover for cyber risks? 

Audit News 68, June 2021

In this issue read more about:

  • Audit Monitoring Report: Your thoughts
  • Return to onsite Quality Assurance reviews
  • Reporting breaches of the FRC Ethical Standard
  • Regulatory applications update
  • Regulation and conduct through difficult times
  • The ARC: what are the issues and how can they be avoided?
  • Social media: the hidden risk of professional misconduct
  • Keeping the Chartered Accountant’s badge shiny
  • Follow our new LinkedIn page
  • Reminder to complete your feedback surveys

Audit News 67, January 2021

In this issue read more about:

Audit News 66, May 2020

Audit News 65, February 2020

In this issue read more about:

  • New Audit Regulations and Guidance for 2020
  • Irish Audit Register application deadline has passed
  • Brexit update: Audit
  • New regulations for the Crown Dependencies
  • Key reminders for audit busy season
  • Audit monitoring insights
  • Prepare for your firm’s audit monitoring visit
  • PII – mind the gap

Audit News 64, February 2019

In this issue read more about:

  • Brexit: UK guidance for auditors
  • Mid-market firms to collaborate on audit tech
  • How to audit the cloud
  • Upcoming webinars: Audit related Brexit issues, and What’s new in quality management
  • Core Accounting and Tax Service for eligible firms

Audit News 63, October 2018

In this issue read more about:

  • The Brexit effect
  • Ireland audit and accounting standards
  • The effect of the introduction of the Ireland Companies Act 2018
  • New guidance on deed transactions including dividend waivers
  • Crown Dependencies Audit Rules – new consultation now open
  • Changes to ICAEW’s PII Regulations and minimum approved wording effective 1 October 2018
  • New guidance on taking out insurance – issued by the PII Committee
  • New Practice Assurance webinar
  • New helpsheets - going concern in the audit report

Audit News 62, June 2018

In this issue read more about:

  • Audit Registration Committee reminder
    • Group audit considerations
  • Audit updates
    • Changes to annual return in respect of Irish audits Reporting to the Regulator - ISA (UK) 250 - Section B - Paragraph 13R-1 (ii)   
    • Applications for responsible individual status 
    • The auditor's responsibility to report to a charity's regulator
    • Audit Monitoring 2018 is now available
  • Disciplinary process changes
    • Revised Guidance on Sanctions effective 1 July 2018
    • Fixed penalty process to be introduced from 1 July 2018 for minor complaints
    • Changes to streamline the disciplinary and fitness processes
  • New resources
    • ICAEW’s second training film is now available
    • New substantive audit evidence webinars
    • Guidance for auditing culture
    • New Practice Assurance resources
    • 'Bannerman paragraph’ update
    • The ICAEW privacy policy has been updated
Audit resources and guidance

Access further resources for firms regulated by ICAEW for audit work.

Find out more