ICAEW.com works better with JavaScript enabled.

Audit and assurance guides and helpsheets

Audit and Assurance Faculty Guides and Technical Advisory Services helpsheets 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. Audit and Assurance Faculty Guides were formerly known as 'Helpsheets'.

Audit and Assurance Faculty guides

The Audit and Assurance Faculty have produced a number of guides. These are designed to help firms to prepare their audit reports for certain specific situations. They cover the main changes that are needed to be made to the examples in the FRC’s Compendium of illustrative auditor’s reports and to help firms to comply with the relevant law and International Standards on Auditing (UK).

Limitation on the scope of the audit

This guide is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to issue a modified opinion on the financial statements due to a limitation on the scope of the audit.

Preparing an adverse opinion audit report

This guide is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to issue an adverse opinion on the financial statements due to a material and pervasive misstatement in the financial statements. This assumes that aside from the matter giving rise to the adverse opinion, the auditor has obtained all other necessary evidence to support the opinion.

Preparing an audit report for a society registered under the co-operative and Community Benefits Societies Act 2014

This guide is designed to explain the main changes that are needed to the audit report of a society registered under the Co-operative and Community Benefit Societies Act 2014 that does not prepare group financial statements, compared to that of a company. It does not seek to explain every difference, just the key areas to consider as a result of the differing legal and regulatory requirements.

Preparing an audit report for English and Scottish registered providers of social housing/registered social landlords - registered under The Companies Act 2006

This guide is designed to explain the main changes that are needed to the audit report of a company that is an English Registered Provider of Social Housing (RP) or Scottish Registered Social Landlord (RSL) that does not prepare group financial statements, compared to that of a company. It does not seek to explain every difference, just the key areas to consider as a result of the differing legal and regulatory requirements.

Preparing a qualified audit report - disagreement (related parties example)

This guide is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to issue a modified opinion on the financial statements due to a material misstatement in the financial statements. The example chosen to illustrate the amendments needed to a modified opinion is where there is a material deficiency in the information relating to related party transactions that is required to be disclosed by the financial reporting framework

Preparing an audit report for English Registered providers of social housing - registered under The Charities Act 2011

This guide is designed to explain the main changes that are needed to the audit report of a charity that is an English Registered Provider of Social Housing Landlord (RP) that does not prepare group financial statements, compared to that of a company. It does not seek to explain every difference, just the key areas to consider as a result of the differing legal and regulatory requirements.

Preparing an audit report for English, Scottish and Welsh registered providers of social housing/registered social landlord - registered under the cooperative and community benefit societies act 2014

This guide is designed to explain the main changes that are needed to the audit report of an English Registered Provider of Social Housing (RP) or a Scottish or Welsh Registered Social Landlord (RSL) registered under the Co-operative and Community Benefit Societies Act 2014 that does not prepare group financial statements, compared to that of a company. It does not seek to explain every difference, just the key areas to consider as a result of the differing legal and regulatory requirements.

Preparing an audit report with a disclaimer of opinion

This guide is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to disclaim the opinion on the financial statements as a whole. The example wording in this guide has been adapted from the examples in the Appendix to ISA (UK) 705 and updated for UK legal and regulatory requirements.

Showing 10 of 20 items

Technical Advisory Services helpsheets

If you cannot find the answer to your specific question, please contact the Technical Advisory helpline on +44 (0)1908 248 250.

Is an audit required for a company?

Premium Content: This is exclusive item - please log in or subscribe to view this item.

Technical helpsheet issued to help ICAEW members understand when a company requires an audit under the Companies Act 2006 and potential routes to audit exemption.

Audit of clubs, associations and societies

Premium Content: This is exclusive item - please log in or subscribe to view this item.

Technical helpsheet regarding audit regulations for clubs, associations and societies.

Audit reports - going concern

Premium Content: This is exclusive item - please log in or subscribe to view this item.

Technical helpsheet issued to help ICAEW members understand the International Standards on Auditing (UK) (ISAs (UK)) requirements in relation to going concern and the impact the various different situations have on the auditor’s report.

Audit reports – modified opinions, emphasis of matter and other matter paragraphs

Premium Content: This is exclusive item - please log in or subscribe to view this item.

Technical helpsheet issued to help ICAEW members to identify the various changes that may need to be made to audit reports under International Standards of Auditing (UK) where there is a modified opinion, emphasis of matter or other matter paragraph.

Audit reports - overview

Premium Content: This is exclusive item - please log in or subscribe to view this item.

Technical helpsheet issued to help ICAEW members understand the key changes to the audit reports for periods beginning on or after 17 June 2016 under International Standards on Auditing (UK) (ISAs (UK)).

Auditing groups - subsidiaries

Premium Content: This is exclusive item - please log in or subscribe to view this item.

Technical helpsheet issued by to help ICAEW members to understand their responsibilities regarding subsidiaries when auditing the group accounts and the implications on the auditor’s report where access to the financial information of subsidiaries is denied by the parent entity.

Auditing micro-entities

Premium Content: This is exclusive item - please log in or subscribe to view this item.

Technical helpsheet to help ICAEW members when considering whether to accept engagement as auditor to a company preparing its accounts under the micro-entity regime.

Auditing micro-entities

Premium Content: This is exclusive item - please log in or subscribe to view this item.

Technical helpsheet to help ICAEW members when considering whether to accept engagement as auditor to a company preparing its accounts under the micro-entity regime.

Auditor resignation – auditor and company responsibilities

Premium Content: This is exclusive item - please log in or subscribe to view this item.

Technical helpsheets which explain the responsibilities of auditors on resignation from a NON public interest company, and the responsibilities of the company after the auditors cease to act. Applicable on or after 1 October 2015.

Can a small UK subsidiary of an overseas parent qualify for audit exemption?

Premium Content: This is exclusive item - please log in or subscribe to view this item.

This helpsheet has been issued by ICAEW’s Technical Advisory Service to help members make their assessment as to whether a UK subsidiary of an overseas parent is entitled to audit exemption under the Companies Act 2006.

Showing 10 of 16 items