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2022 editions of Audit & Beyond. The monthly magazine from the ICAEW Audit and Assurance Faculty.
2021 editions of Audit & Beyond. The monthly magazine from the ICAEW Audit and Assurance Faculty.
ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics.
Many players in the financial reporting ecosystem – not just auditors – directly or indirectly influence the quality and reliability of financial reporting and the likelihood that fraud will be prevented or detected.
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.
This webinar from the Audit and Assurance Faculty will provide practical hints and tips when assessing and responding to the risk of fraud for small and medium sized audit firms.
ISA 540 (Revised) introduced a number of new and enhanced requirements with significant changes and challenges for auditors to get to grips with.
This year’s 2022 Audit and Assurance Conference will explore the changes ahead for auditors.
Join Peter Herbert for this webinar aimed at helping small and medium sized audit firms get ready for the 2022/23 reporting season.
Guidance to assist the development of good practice by ‘Relevant Trustees.’ These are trustees who as part of their business as a trustee, offer pensions trustee services in relation to trust schemes and who either are on the Trustee Register or adopt this framework voluntarily.
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.
This Technical Release is published by ICAEW’s Audit and Assurance Faculty. It provides practical guidance for accountants reporting to the SRA under the SRA Accounts Rules effective from 25 November 2019.
ATOL Reporting Accountants - Reporting to the Civil Aviation Authority (TECH 02/20 AAF) is a Technical Release published by ICAEW’s Audit and Assurance Faculty.
ICAEW’s Audit and Assurance Faculty answers members' common practical questions about how to audit inventory given the mandatory closure of many businesses and restrictions of movement across the world.
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.
ICAEW’s Internal Audit Panel has identified eight risk areas where boards and audit committees should be asking themselves whether they are receiving the objective assurance they need amid increased public scrutiny.
How to spot accounting estimates and not overlook the more obvious ones in your audit.
ICAEW has created a series of practical guides to support auditors in implementing the International Standards on Auditing (UK) (ISAs (UK)). The guides focus on key challenges in implementing ISAs (UK) and how to overcome them.
ICAEW has created a series of practical guides to support auditors in implementing the IAASB’s international standards on auditing. The guides focus on key challenges in implementing ISAs and how to overcome them.
A response dated 4 October 2022 to a consultation published by the IAASB on 6 July 2022.
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.
A response dated September 2022 to a consultation published by the PCAOB on 16 August 2022.
A response dated 18 August 2022 to a consultation published by the FRC in June 2022.
A response submitted on 28 July 2022 to a consultation published by the ISSB on 31 March 2022.
A response submitted on 28 July 2022 to a consultation published by the ISSB on 31 March 2022.
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.
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.
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.
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.