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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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AuditFutures Update

AuditFutures convened a second assembly to take it into more specific areas for implementation.

On 7 December, we hosted our second AuditFutures assembly to distill the insights and ideas from the first phase of the project into more sp...

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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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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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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of Registered Social Landlords in the UK because the references to the auditing standards, law and regulations are out of date.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...
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Professional scepticism and other key audit issues

This is the title of a new set of videos recently issued by the Audit and Assurance Faculty.

All in our profession will be aware of the recent debate about whether auditors have been sufficiently sceptical in recent times and of the conce...

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BIS audit exemptions and change of accounting framework consultation webinar

The Department for Business, Innovation and Skills has announced a formal consultation on increasing audit exemption and allowing changes in companies accounting frameworks, removing some of the gold plating that previous governments have applied to...

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Increasing audit exemptions

Today the Department for Business, Innovation and Skills has announced a formal consultation on increasing audit exemptions, removing some of the gold plating that previous governments have applied to EU directives in this area. In a nutshell, the p...