Support for ICAEW audit regulated firms
Practical audit support and guidance available to ICAEW auditors including the latest regulatory updates, webcasts and monitoring reports
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 monitoring reports: inspect the results
Webinar: Audit monitoring update
Watch our latest webinar which contains an introduction from the Chair of the Audit Registration Committee, Rama Krishnan. Rama discusses the role of the Audit Registration Committee, the sort of issues it sees and what tools are available to assist in improving audit practice. The second half of the webinar is presented by Kevin Sharman from our Quality Assurance team. Kevin discusses where firms could improve on current common issues and provides examples of best practice.
Insights from audit monitoring – webcasts
Access our new series of short webcasts which provide insights from our audit monitoring activities and tips for avoiding pitfalls. These cover topics such as Group audits, audit work on internal controls and fraud.
Audit Regulations and Guidance
Regulations and guidance for those working in the regulated area of audit in the UK, Ireland and the Crown Dependencies.
Reporting breaches of the FRC Ethical Standard
ICAEW-registered firms that do not audit PIEs need to make biannual notifications of any breaches of the Ethical Standard via the Breaches of the FRC Ethical Standard form.
Find a range of resources to help prepare for Brexit, including technical guidance
Access a wealth of information including free content
ICAEW film dramas provoke discussions and challenge mindsets about how to deal with difficult decisions and topical issues in business situations. Our films are used around the world to support training needs and business development opportunities.
Without Question, ICAEW’s second corporate training film provides an impactful and interactive way for audit firms to develop the whole audit team. The film explores the challenges audit teams face on a daily basis and the underestimated importance of effective communication.
Technical and ethics advisory services
Our Technical Advisory Service provides advice on a wide range of subjects, including accounting, company law, charities and auditing
Helpsheets and model articles
Access technical helpsheets, ethical guidance and practice resources from ICAEW's Technical Advisory Service
Model articles: The Audit Regulations require a registered auditor to be controlled in a certain way. If the registered auditor is a company, it's possible that persons other than the named shareholder may have interests in the company’s shares. This could mean the company is no longer controlled in accordance with the Audit Regulations.
Directors need the appropriate powers to call for information about interests in shares, and disenfranchise shares if necessary. This will ensure the registered auditor continues to be controlled in accordance with the Audit Regulations. These model articles will help your firm include special provisions within its articles of association.
Changes in firm structure - please tell us within 10 business days
It’s important to maintain your firm record accurately. An inaccurate or out of date firm record may constitute a misdescription of your firm. It could also lead to regulatory or disciplinary action. This is particularly relevant for firms requiring registration for audit in Ireland where there are different ownership rules.
Stepping into the regulatory sphere
Financial Reporting Faculty
With significant changes on the horizon as a result of continuing developments in IFRS and UK GAAP, keeping up to date with the latest financial reporting changes is vital. The Financial Reporting Faculty (FRF) provides highly accessible and practical assistance on financial reporting issues to keep you informed.
Audit and Assurance Faculty
The Audit and Assurance Faculty is the professional and public interest voice of audit and assurance matters for ICAEW and a leading authority in its field. Internationally recognised as a source of expertise, the faculty influences regulation and standard setting and provides a range of resources to professionals. It also offers practical assistance in dealing with common audit and assurance problems.