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Appointment and engagement terms

Access practical resources on client acceptance, auditor appointment and agreeing engagement terms to help understand auditors’ responsibilities and the requirements of International Standards on Auditing (ISAs), in particular, ISA 210. These resources include practical support to help auditors deal with the challenges that may arise.

Engagement letters and privacy notices

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Technical Advisory Services 01-07-2019

ICAEW has developed guidance for practice firms on what to include in engagement letters. This page provides a series of sample wordings to help you draft your own engagement letters.

Auditing micro-entities

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Technical Advisory Services 15-08-2018

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.

Sticking together

Audit and Assurance Faculty Audit and Beyond 29-01-2018

Auditors can learn a lot from each other’s experiences of first year audits. Geoff Swales canvasses opinion.

The importance of achieving audit objectives

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International Accounting and Auditing 24-10-2017

ISA 200 highlights the importance of objectives in auditing standards. Understanding ISA 200 is fundamental to understanding the challenge of implementing ISAs. This guide seeks to help auditors understand the overall objectives of the auditor and how they relate to the individual objectives and requirements in ISAs, and the role of professional judgement and scepticism.

Agreeing the terms of audit engagements

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International Accounting and Auditing, IFAC 24-10-2017

ISA 210 sets out the requirements for agreeing audit engagement terms. This guide looks at the requirements and highlights potential implementation challenges for auditors.

Auditor rotation

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Ethics Advisory Services 15-08-2017

Technical helpsheet providing guidance on long association with engagements and with entities relevant to engagements (often referred to as auditor rotation), according to the FRC Ethical Standard (2016).

Auditing micro-entities

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Technical Advisory Services 15-08-2018

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.

Key partners and partner rotation

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Ethics Advisory Service 01-02-2017

Helpsheet setting out the rules around rotation periods for different categories of partner, according to the FRC Ethical Standard (2016).

Independence guidance

20-01-2017

Advice on the implementation of the FRC Ethical Standard for Auditors and other matters.

Payments from a client’s own account

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Ethics Advisory Service 01-01-2017

Helpsheet providing guidance for members in practice who make payments from a clients own account.