When construction companies and clients get it right – through project selection based on their ability to deliver, responsible tendering, diligent monitoring, and a proactive attitude to deal with issues such as cost and timetable overruns – they create contracts that are more profitable and provide more enduring value to society.
Audit insights: industry sectors
Audit insight reports on industry sectors including retail, charities, manufacturing and more.
Charities play a significant role in the fabric of our national life, but they are being scrutinised more closely than ever. In this Audit insight, ICAEW has collated the expert knowledge of external auditors and ICAEW specialist staff to set out a series of recommendations to help charities to demonstrate their positive impact and become more resilient and transparent.
Audit insights: small businesses highlight opportunities and pitfalls in running a small business. It advises SMEs to plan realistically; build digital skills to match growth aspirations; anticipate cash collection delays; and develop mental agility.
Here we identify five areas of interest to construction businesses, clients, investors and policy-makers. These are: work, collaboratively to help plan for the future; procure and bid responsibly and deliver consistently; address the shortage of skilled labour; be more transparent in reporting; and invest information systems.
Audit insights: manufacturing highlights four burning issues: the highly cyclical nature of the sector; funding requirements; attracting, retaining and rewarding people; and management information and IT systems.
This report, Audit insights retails - are you ready for a radical change, helps retailers and external users of accounts to understand some of the important issues that need to be addressed as the standard is implemented.
Retailers’ profit margins are addressed in this Audit insights: retail report as we focus on three key impact areas: changing business models; the living wage; and the volatility of foreign exchanges.