Audit and Assurance Technical Releases

Assurance reporting on Master Trusts (TECH 05/20 AAF)

Guidance on the performance of assurance engagements on governance control activities established by trustees of Master Trusts.

Solicitors Regulation Authority Accounts Rules Guidance for reporting accountants following the 2019 changes (TECH 03/20 AAF)

Solicitors Regulation Authority (SRA) Accounts Rules – Guidance for reporting accountants following the 2019 changes (TECH 03/20 AAF) is a Technical Release published by ICAEW’s Audit and Assurance Faculty. It provides practical guidance for accountants reporting to the SRA under the SRA Accounts Rules effective from 25 November 2019.

ATOL Reporting Accountants - Reporting to the Civil Aviation Authority (TECH 02/20 AAF)

ATOL Reporting Accountants - Reporting to the Civil Aviation Authority (TECH 02/20 AAF) is a Technical Release published by ICAEW’s Audit and Assurance Faculty.

Assurance reports on internal controls of service organisations made available to third parties (TECH 01/20 AAF)

Assurance reports on internal controls of service organisations available to third parties (TECH 01/20 AAF) is a Technical Release published by ICAEW’s Audit and Assurance Faculty.

Requests for References on Clients' Financial Status and Their Ability to Service Loans (TECH 02/01 AAF - Revised)

Guidance that provides assistance when accountants receive requests for references where there is no need to perform any work, research or investigation to produce the reference. Issued September 2001 and updated December 2019.

SRA Accounts Rules: Interim Guidance (TECH 16/15 AAF)

This interim guidance has been prepared for ICAEW members involved in the preparation of an accountant’s report in respect of the Solicitors Regulation Authority (SRA) Accounts Rules requirements. Note: This interim guidance has been amended to reflect changes made to the SRA Accounts Rules references.

Reporting to regulators on regulatory accounts (TECH 02-16 AAF – Revised)

Guidance which aims to promote consistency in the practices adopted in respect of regulatory reporting by independent accountants, taking into consideration the requirements of regulators. Issued in 2016 and updated in June 2019, it replaces ICAEW Technical Release Audit 05/03 Reporting to regulators of regulated entities.

Assurance Review Engagements on Historical Financial Statements - Revised (TECH 09/13 AAF)

Guidance for chartered accountants on assurance review engagements over historical financial statements in accordance with the International Standard on Review Engagements (ISRE) 2400 (Revised). Updated in September 2018 and March 2019, it includes a new appendix on application to the micro-entities regime.

The Audit Report and Auditors Duty of Care to Third Parties - Revised (TECH 01/03 AAF)

Guidance for auditors on the audit report. Updated in May 2018, it assists auditors in managing the risk of inadvertently assuming a duty of care to third parties in relation to their audit reports.

Management Representation Letters: Explanatory Note - Revised (TECH 04/02 AAF)

Guidance for auditors on management representation letters. Updated in March 2018, it reminds auditors of the need to consider the reliability of written representations as audit evidence.