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.
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.
This page presents an overview of instructions and guidance for small practices to prepare during the transition period following Brexit.
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.
Auditors will need to consider how Brexit-related risks could impact on the firms they’re auditing. Our guide provides a framework for that analysis.
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 will have implications for a variety of auditing standards. Read our guide to help you navigate through those implications.
As a pervasive issue affecting many businesses, it is important that firms develop a consistent approach to Brexit. This guide provides some tips to help you do that.
Amended requirements impacting on Public Interest Entity (PIE) audits
Information for firms that undertake audits of Irish entities.
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.