Audit & Beyond -September 2019
In this issue Mark Babington explores why the FRC wants auditors to do more work around going concern, John Selwood explains that more documentation is not necessarily better documentation, Katharine Bagshaw writes about why displaying professional scepticism is increasingly important in all forms of assurance engagement, and the audit clinic addresses some issues around going concern
The Financial Reporting Council wants auditors to do more work around going concern. Mark Babington explains why.
Less is more when it comes to audit documentation
John Selwood writes about his tips to minimise unnecessary documentation and how to avoid documenting irrelevant or unimportant things.
Demonstrating professional scepticism
Prominence of professional scepticism is growing among standard-setters and other stakeholders in all types of assurance engagement, says Katharine Bagshaw.
John Selwood's audit clinic
John considers several issues surrounding going concern.