John Selwood addresses some queries on the Ethical Standard and on non-audit assurance engagements.
New rules on reporting breaches of the Financial Reporting Council (FRC) Ethical Standard are causing some confusion around what auditors are required to do and when.
I understand that auditors are now required to report breaches of the Ethical Standard to ICAEW. Is ICAEW really interested in hearing about every breach, even ones that appear inconsequential?
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