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2021 editions of Audit & Beyond. The monthly magazine from the ICAEW Audit and Assurance Faculty.
2020 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.
This webinar will consider how auditors are taking account of climate-related risks based on the findings from FRC’s climate thematic review and also offer practical hints and tips for improving auditing in this area.
Join Gill Spaul (Moore Global) and David Smith (Azets) for the first of a series of quality management webinars, as they discuss the requirements and how firms can be proactive.
This virtual event explores how businesses can meet investors’ heightened requirements for sustainability information.
ISA 540 (Revised) is now effective and requires a change in approach to auditing accounting estimates.
Get ready for the audit busy season.
Learn more about the proposals for a new auditing standard.
ISQM 1 brings new requirements which will require audit firms to take a proactive, risk-based approach to quality management.
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.
Solicitors Regulation Authority (SRA) Accounts Rules: Accountant’s Reports for full reporting periods after 25 November 2019 (TECH 01/21 AAF) is a Technical Release 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.
Solicitors Regulation Authority (SRA) Accounts Rules – Guidance for reporting accountants following the 2019 changes (TECH 03/20 AAF) is a Technical Release 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.
When performing audits of financial statements, it is important that you identify all relevant accounting estimates to which the requirements in ISA 540 (Revised) Auditing accounting estimates and related disclosures apply. This Audit and Assurance guide provides information and guidance on 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 30 September 2021 to a consultation published by FCA on 7 July 2021.
A response dated 27 September 2021 to a consultation published by IASB in July 2021.
A response dated 10 September 2021 to a consultation published by FCA in July 2021.
A response dated 3 August 2021 to a consultation published by IAASB In May 2021.
ICAEW has submitted a letter to HM Treasury outlining the public sector implications of the proposed reforms to supplement ICAEW Representation 63/21 in response to BEIS’s consultation on restoring trust in audit and corporate governance. The letter calls for BEIS, HMT and MHCLG to conduct a separate review how the principles covered in the consultation could apply in the public sector.
A response dated 8 July 2021 to a market engagement survey published by the Public Sector Audit Appointments in June 2021.
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.