ICAEW.com works better with JavaScript enabled.

Audit & Beyond, February 2013

Audit and Assurance Faculty newsletter articles February 2013.

Next steps

This is exclusive item - please log in or subscribe to view this item.

The Effective Company Stewardship project of the Financial Reporting Council has resulted in wider duties for auditors, and ISA (UK & Ireland) 720A has been amended for all audits. Richard Gillin considers the implications.

Questions and answers

This is exclusive item - please log in or subscribe to view this item.

The new audit exemptions that were introduced on 1 October 2012 generated lots of delegate questions at the faculty road shows.

Red flags and fraud triangles

This is exclusive item - please log in or subscribe to view this item.

Professional scepticism and the proper application of ISAs are essential to planning an audit that will take account of fraud risk and identify fraud. Chris Clements and Sarah Hick from Grant Thornton highlighted this at their recent faculty lecture at Chartered Accountants’ Hall.

The heart of audit

Putting quality and reliability at the centre of audit were among the big themes on the agenda at the latest meeting of the Audit Quality Forum (AQF). Lesley Meall reports.