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, it includes a new appendix on application to the micro-entities regime.
Audit and Assurance Technical Releases
A listing of Technical Releases published by the Audit and Assurance Faculty with the most recently published showing first.Technical releases that have been withdrawn can be found by using the archive search at the bottom of the page.
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.
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.
Guidance for auditors on FRS 102 transition. Updated in November 2017, it covers ethics and FRS 102, what the auditor should expect management to do and what the auditor needs to consider.
Produced in association with the Pensions Regulator, this Technical Release addresses assurance reporting on governance control procedures established by trustees of Relevant Multi-employer Schemes (Master Trusts) and takes into account changes made by the Regulator.
Revised Arrangements for ATOL Reporting Accountants Reporting to the Civil Aviation Authority (TECH 09/16 AAF)
This guidance was issued in April 2016 to outline to members new ATOL reporting requirements to the Civil Aviation Authority. It replaces TECH 07/12AAF.
Chartered Accountants’ Reports on the Compilation of Financial Information of Incorporated Entities (TECH 07/16 AAF)
This Technical Release is intended to give guidance to members of ICAEW in practice when they compile financial statements for their clients. The guidance applies to the compilation of financial statements of incorporated entities, ie financial statements prepared in accordance with the Companies Act 2006.
Chartered Accountants’ Reports on the Compilation of Historical Financial Information of Unincorporated Entities (TECH 08/16 AAF)
This is intended to give general advice to members when they compile historical financial information for their clients. The guidance covers the compilation of historical financial information of unincorporated entities for a specific purpose or purposes. This Technical Release replaces AUDIT 03/10 Chartered Accountants’ Reports on the Compilation of Financial Statements of Unincorporated Entities.
This guidance updates ICAEW Technical Release Audit 05/03 Reporting to regulators of regulated entities, originally issued in 2003. It aims to promote consistency in the practices adopted in respect of regulatory reporting by independent accountants, taking into consideration the requirements of regulators.
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.