ICAEW.com works better with JavaScript enabled.

The impact of Brexit on audit

Selected articles and features from the Audit and Assurance Faculty and other experts offering analysis and commentary on how the UK's exit from the EU might affect audit.

Audit related Brexit issues

Audit and Assurance Faculty 11-03-2019

ICAEW’s audit-related Brexit Guidance is intended to help auditors of SMEs deal with current Brexit-related uncertainties associated with a potential no-deal exit as they affect 31 December 2018 and 31 March 2019 audits.

Brexit: FRC guidance for auditors

22-02-2019

BEIS and the FRC have issued on 22 February 2019 five documents that set out the necessary steps all audit firms (large and small) should undertake to prepare for Brexit including no-deal outcomes.

Auditing if there is no Brexit deal

11-07-2019

The UK government has published a technical notice on Auditing if there’s no Brexit deal, providing guidance on the implications for auditors should the UK leave the EU without a deal.

Part 2: Brexit and audit – corporate reporting considerations

04-12-2018

Where Brexit may have a material impact on a businesses’ activities or position it is important that this is reflected appropriately in corporate reporting. This guides helps auditors consider how to approach their review of financial statements in the run-up to Brexit.

Brexit: Removal of audit rights in Ireland

Professional Standards Department 25-01-2019

ICAEW has received an indication from the Irish audit authorities that they interpret the Audit Directive to mean that non-Irish resident accountancy firms currently on the Irish Audit register, are unlikely to retain automatic audit rights in Ireland in the event of a no-deal Brexit. Your firm will be directly affected by this.

Showing 10 of 11 items