Audit Regulations and Guidance
Regulations and guidance for those working in the regulated area of audit in the UK, Ireland and the Crown Dependencies.
Current Audit Regulations and Guidance
Firms registered for audit with ICAEW are required to comply with the Audit Regulations and Guidance.
- 2020 Audit Regulations and Guidance
- 2020 Audit Regulations and Guidance - a list of revisions since 2017
Draft Audit Regulations for 2021
It is likely that the 2020 version of the Audit Regulations and Guidance will be replaced at the end of 2020. The replacement will reflect the changes brought about by Brexit and the evolving divergence between the UK and Ireland audit arrangements. Therefore it is expected that there will be separate regulations for the UK and Ireland. Further information will be sent to all ICAEW audit regulated firms when available.
Audit in Ireland
Following the introduction of new Audit Regulations (effective 1 January 2020), firms are no longer automatically registered on the Irish Audit Register. This change has occurred (irrespective of the outcomes of Brexit) due to changes in the Companies Act 2014.
From 1 February 2020, only firms that have opted in to Irish audit registration will remain on the Irish Audit Register.
Audit requirements in the Crown Dependencies of Jersey, Guernsey and Isle of Man
Special arrangements apply to firms that audit companies incorporated in one of the Crown Dependencies that have 'transferable securities' admitted to trading on a 'regulated market' in the EU. The arrangements apply even if the firm or company is not operating in a Crown Dependency.
Support for ICAEW audit regulated firms
Practical audit support and guidance is available to ICAEW auditors including the latest regulatory updates, webcasts and monitoring reports.
PCAOB for non-US audit firms
Issues for audit firms outside the US that audit entities with a primary or secondary listing in the US, or a significant subsidiary thereof, and need to register with the PCAOB.
Audit Regulations and Guidance archive
- Audit Regulations and Guidance (effective 1 April 2017 to 31 December 2019 )
- Audit Regulations and Guidance (effective 17 June 2016 to 31 March 2017)
- Audit Regulations and Guidance (effective November 2013 to 16 June 2016)
- Audit Regulations and Guidance (effective 1 April 2013 to 10 November 2013)
- Audit Regulations and Guidance (effective until 31 March 2013)
- Audit Regulations and Guidance (effective until 31 May 2012)
- Audit Regulations and Guidance (effective until 31 December 2011)