Audit reform

Audit is currently undergoing an unprecedented level of public scrutiny around the world, particularly in the UK with the completion of three major reviews by Sir John Kingman, the CMA, and Sir Donald Brydon into audit. Drawing on these, ICAEW developed five goals for audit reform. Audit reform is urgent; as a leading global professional body, ICAEW is committed to contributing to the restoration of trust in the profession.

Audit reform

Five goals for audit reform

ICAEW's CEO Michael Izza sets out the five goals

Inquiry into audit background

Read a timeline and the background to the proposed reforms

Audit Manifesto

Read the executive summary with its five principles

Less Complex Entities

ICAEW calls for a separate auditing standard

The Future of Audit

The Audit and Assurance Faculty Thought Leadership programme intends to influence the debate with a series of papers.

Audit and Assurance Faculty

Find out more about the Audit & Assurance Faculty

Past events

Sir Donald Brydon's speech at the ICAEW : 14 February 2020

Read Sir Donald Brydon's speech at the ICAEW on the 14 February 2020

Sir Donald Brydon's ICAEW conference speech | 04 October 2019

Read Sir Donald Brydon's speech from the recent Audit and Assurance Faculty conference.

Keynote speech 2 April 2019: Rachel Reeves MP

Report into the future of audit at Chartered Accountants Hall