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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


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.

Part 2: Brexit and audit – corporate reporting considerations


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.

Irish third country draft registration application

Professional Standards Department 25-01-2019

Auditors of UK companies (ie, companies incorporated in the UK) with listings on the Irish Stock Exchange, (such as listed debt), will be required to register with IAASA as third country auditors at the end of the transition period (31 December 2020) unless their registration continues to be accepted on the Irish audit register.