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Audit & Assurance Faculty

Join the ICAEW Audit and Assurance Faculty, an internationally recognised network of professionals focused on keeping ahead of the changes to the audit and assurance landscape. Membership is open to everyone - non ICAEW members are welcome to join.

In this section

Webinar recordings

The Revised Ethical Standard key reminder to firms

The Financial Reporting Council (FRC) issued major revisions to its Ethical Standard in December 2019. These changes came into effect on 15 March 2020 and aimed to strengthen auditor independence, prevent conflicts of interest and improve audit quality.

Future events and webinars

Hot topics and tips for 2023 audits

Join Peter Herbert for this webinar aimed at helping small and medium sized audit firms get ready for the 2022/23 reporting season.

Technical releases

Technical Release 01-21 AAF SRA final

This technical release has been prepared for ICAEW members involved in the preparation of an Accountant's Report in respect of the Solicitors Regulation Authority Accounts Rules effective from 25 November 2019.

Guides and publications

Coronavirus (COVID-19): Considerations for group auditors

This Audit and Assurance Faculty Know-How guide explores COVID-19 issues faced by UK group auditors with overseas component auditors. It offers practical considerations in relation to the work of component auditors to address the requirements in ISAs (UK). It may also be relevant for group auditors in other jurisdictions with similar requirements.

Implementing and applying ISAs

Audit and assurance representations

ICAEW REP 076-22 Consultation on the 2022 revision of Practice Note 10

ICAEW’s response to the Public Audit Forum’s consultation on revisions to Practice Note 10: Audit of Financial Statements and Regularity of Public Sector Bodies in the United Kingdom calls for further guidance to ensure that public sector auditors tailor their approach to the risks facing public sector bodies.

Thought leadership

Audit Quality Forum (AQF)

Since it was established in 2004, Audit Quality Forum (AQF) has encouraged open and constructive debate amongst stakeholders about how to improve audit. Find out more about the AQF’s legacy and the wealth of material produced by the AQF with the support of BEIS, ICAEW and the FRC.

Audit insights

Auditors bringing their knowledge of market sectors and business issues for the benefit of wider stakeholders, and alerting practitioners to some of the issues they should consider when planning their audits.

AuditFutures

ICAEW’s AuditFutures is an innovative and collaborative initiative, an action-research programme that uses interdisciplinary thinking, design-led processes and interactive workshops to reimagine the audit profession.

The future of audit

As discussions about the future of audit continue to evolve, the Audit and Assurance Faculty intends to influence the debate through a series of succinct, high-level thought leadership essays that consider a range of issues directly or indirectly relevant to the debate.