Audit and Assurance

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How assurance helps business people, in the ten hundred most used words

Assurance is not one of the ten hundred most used words in the English language. Neither is 'English' or 'language' (or 'neither'). Can the idea be explained using only those ten hundred words? Let's find out.
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Wikipedia assures us…

If you google ‘Assurance’, the first result to pop up is Wikipedia. Does this article really help readers understand what accountants mean by assurance services? And if not, does it matter?
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Is there any benefit to offering an assurance report over unaudited financial statements?

The latest in our series of Assurance Insights case studies highlights the good work done by Reeves & Co and the value it has for BSL Gas Technologies. For these two organisations, the answer is a clear yes.

This is not to say that assurance ...
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Assurance over the unaudited financial statements of SMEs: what can ICAEW do for you?

As audit exemption thresholds rise, increasing numbers of SMEs are in a position to make a choice about how much assistance and review they want for their financial statements.

Some will choose to continue with audit, on a volunt...

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Like-for-like sales and IT challenges: Auditors take their retail insights to the press

At 00:01am on Tuesday 15 January 2013, the Audit Insights: Retail report went live at www.icaew.com/auditinsights. Despite the chilly weather and the threat of snow, fifty guests made their way in to Chartered Accountants’ Hall to attend the b...
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Audit Insights: Have you ever wondered what experienced auditors think about the sectors they work in?

Over the past few months, I've had the chance to spend hours talking to some of the most brilliant minds in retail audit. These are people who between them have seen hundreds of retail businesses from the inside out, and have spent years surveying t...
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Academies Accounts Return (AR) 2011/12

 The Education Funding Agency (EFA) requires each academy trust to complete an Accounts Return (AR) for the financial year 2011/12. In order to gain further assurance over these returns, EFA is also introduced a requirement for an assurance opi...
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Regularity Reporting on Academies

The Education Funding Agency's (EFA) Accounts Direction 2011/12 sets out a requirement for all 2000 odd academy trusts to obtain a separate report on regularity from their auditors. For this transition year, EFA chose to require a limited assurance ...

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Awards: Does your finance team get the recognition it deserves?

 Can your organisation demonstrate an innovative and sustainable way of doing business that has a positive, long-term financial, environmental, social and economic impact, which is underpinned by leadership or an active contribution from the fi...

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APB announces withdrawal of PN14

The Auditing Practices Board (APB) has issued the withdrawal of PN14 The Audit of Registered Social Landlords in the UK because the references to the auditing standards, law and regulations are out of date.  A working party has been set up to u...