New appointments and new UK GAAP pose challenges for auditors. John Selwood shows us how to navigate the pitfalls.
John Selwood's Q&AS
An archive of previous Q&A articles written by John Selwood
The audit of groups can create challenges and raise difficult issues for group auditors, even when they audit every group component.
Written communications with management and those charged with governance are not always straightforward. Do auditors always know exactly who they should be writing to and do the recipients always understand what they are sent? John Selwood has the answers.
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Cold file reviews should go beyond basic compliance to identify areas for improving the quality and efficiency of audit. But compliance with ISQC1 and UK Audit Regulations can create confusion for some firms, as the following questions highlight.