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Audit and Assurance Faculty news articles

Catch up on recent articles featuring the Audit and Assurance Faculty and the work it is doing.

Talk accountancy

Small businesses in the UK are exempt from audit, and today the Department for Business, Innovation and Skills (BIS) confirmed that this includes businesses newly defined as small following changes to the accounting thresholds.


ICAEW chief executive Michael Izza is urging government to rethink increasing the audit threshold because it could expose smaller companies to the risk of fraud and money-laundering.