audit

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Once the regulated realm of audit is left behind, what should we expect to see in the undiscovered country of non-audit assurance? And what should we do about it?

ICAEW's consultation Where next with assurance? proposes answers to five big questi.....
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Most commentators don’t expect much to change for auditors in the near term as a result of Brexit.

As Gilly Lord of PwC says in her blog - 'I’m not expecting the UK’s implementation of the EU audit reform legislation to change over...

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Where next with assurance?

by Ruth Ward on 01.06.2016 11:15

Annual financial statements + statutory audit. They go together like pickle and cheese. Like soggy weather and a bank holiday weekend. Like pie and mash. Like chalk and cheese.

The point is, love the combo or loathe them you can’t think of one with...

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The story of a business, and the way it is told, can change minds and decisions – whether it’s a regulator’s decision to get involved, an investor’s decision to buy shares, a customer’s decision to renew an orde...
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Small businesses in the UK are exempt from audit, and today the Department for Business, Innovation and Skills (BIS) confirmed that this includes businesses newly defined as small following changes to the accounting thresholds.

In a written stateme...

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If the cost of Christmas was more expensive than you planned for, don’t worry. Throughout the first half of 2016 analysts are predicting that the cost of goods on the high street is expected to drop further, partly fuelled by continuing falls in oil...

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The FRC has issued, for consultation, a revised Ethical Standard (the ‘FRC ES’).  It is intended to replace the Auditing Practices Board’s (APB) Ethical Standards for Auditors 1 to 5. 

Whilst the current standards adopt a threats and safeguards a...
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, proThis is a very important question and one which the profession needs to consider very carefully. I have quite often heard people say that having the right people is the most important factor in achieving good audit quality. But do we all agree ...
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Heading off cyber security threats to business is one of the UK’s top priorities.

My ICAEW colleagues and I have been working closely with government departments and agencies to ensure that the reputation of Britain as a great place to do ...
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I was astoundingly lucky to be asked to attend the recent One Young World conference in Dublin on behalf of the ICAEW and Chartered Accountants Worldwide. OYW was undoubtedly the most thought-provoking, humbling, life-affirming, heartbreak...