The Audit and Assurance technical area has information, guidance and events about the Audit and Assurance Faculty, clarified ISAs, working in the regulated area of audit, the future of audit, gain audit rights in the UK and the audit quality forum.
Access the latest content from the Audit and Assurance Faculty
More infoAbout ICAEW's Audit and Assurance Faculty including governance, constitution, premium content, annual general meeting and committees.
Resources to help you maintain high standards of compliance, quality and scepticism.
ExpandTool to support you in planning and helping you to achieve your audit objectives.
ICAEW is playing a leading role in trying to understand how technology, and in particular data analytics, will impact on the future of audit. Learn more about our work in helping audit firms and businesses to understand the opportunities and threats that technology is bringing.
Conduct and manage fieldwork and respond to risks appropriately and proportionally.
Group financial statements presents challenges to both group and component auditors.
The audit of related party relationships and transactions can be a challenging area for auditors.
Completion of an audit entails a number of procedures auditors are required to undertake. This section provides assistance in the practical implementation of some of those areas.
This section contains support materials for the auditor in the area of documentation.
This resource will help preparers and users of extended auditor reports in the UK and overseas to implement and understand them.
Guidance to firms for the implementation of ISQC 1 and other standards making reference to audit quality.
Guidance on ethical matters for practitioners including auditor independence.
What you need to know about special reports.
These resources are intended to help auditors in applying and demonstrating a sceptical mind set in their audits.
Access information on whether an organisation qualifies for audit exemption.
More infoSome UK organisations are required to have their annual financial statements audited and others are exempt from the statutory requirement, most often due to their size. The thresholds determining company size for accounting purposes changed as of 1 January 2016. Here we provide guidance on the exemption requirements for reporting periods beginning before and after 1 January 2016.
Information and guidance for practitioners on assurance services
More infoThese resources support practitioners and organisations looking to commission assurance services. They include examples of what assurance can cover and practical guidance on how engagements can be undertaken.
What you need to know about liability agreements
More infoAuditor Limited Liability Agreements (LLA) are contracts designed to ensure that auditors are not pursued for excessive losses, just a reasonable proportion based on their responsibility.
Helpsheets from the Audit and Assurance Faculty and Technical Advisory Service.
More infoHelpsheets prepared by ICAEW technical specialists to assist you in your day-to-day work. We offer practical advice, respond to frequently asked questions and highlight the issues you may need to consider.
Links to advice and guidance to help your firm remain compliant.
ExpandFirms working in the regulated area of audit are required to comply with the Audit Regulations and Guidance.
This section explains what constitutes regulated audit work, what is meant by the term 'registered auditor' and how your firm can become a registered auditor. Application forms are also available in this section as well as a guide to which forms your firm will need to complete.
Auditor Limited Liability Agreements (LLA) are contracts designed to ensure that auditors are not pursued for excessive losses, just a reasonable proportion based on their responsibility.
Recent updates for audit registered firms. When an new issue is published, ICAEW notifies audit compliance principals and responsible individuals by email.
Reports and other material relating to audits.
PCAOB audit registration
Develop skills to identify risk, technical competence and professional scepticism.
About ICAEW Audit Qualification.
ExpandTo gain audit rights, you need to hold an audit qualification such as the ICAEW Audit Qualification.
The AQ is a free qualification awarded to eligible ICAEW members.
ICAEW’s Audit Qualification (AQ) is only available to ICAEW members and is free of charge. Please read through the following carefully to determine if the AQ is relevant to you and how you should apply.
Audit experience recognised under UK Companies Act.
Frequently asked questions about the Audit Qualification.
Find out how your firm can apply and the qualification criteria.
More infoICAEW is now responsible for the licensing, registering and monitoring of auditors who wish to carry out audits of local public bodies. This page explains what accountancy firms and individuals need to do to become a registered local auditor under the Local Audit and Accountability Act 2014.
Find out what is licensed work and how your firm can become a licensed practice.
More infoFind out what is licensed work and how your firm can become a licensed practice.
The latest information and practical resources on audit reform implementation.
ExpandLatest developments in audit reform.
Links to new standards, codes and audit regulations.
Resources to help you understand and implement audit reform changes.