News in Audit and assurance

  1. Revised UK Going Concern standard

    Anne Adrain, ICAS Head of Sustainability and Assurance, summarises the main revisions to the UK Going Concern standard.

  2. Top risks for internal auditors

    A report published by the European Confederation of Institutes of Internal Auditing (ECIIA) highlights the top risks currently faced by organisations.

  3. ICAS calls for LCE audit standard

    Anne Adrain, ICAS Head of Sustainability and Assurance, summarises the main revisions to the UK Going Concern standard.

  4. ESEF tagging of accounts

    Big changes come into effect for listed entities with effect from 1 January 2020 with a new EU requirement for accounts to be published in electronic format.

  5. Internal audit consultations

    Anne Adrain, Head of Sustainability and Assurance and Alan Simpson CA summarises the key points in recent Internal Audit consultations.

  6. Is two-tier audit inevitable?

    ICAS discuss whether a two-tier audit regime on the horizon

  7. Internal audit and governance

    Internal audit plays a key part in the corporate governance environment and this article considers its role.

  8. Proposals to reform UK audit market

    BEIS has published its consultation on the Competition and Market Authority's (CMA) proposed reforms to the UK statutory audit market.

  9. FRC inspection reports 2018/19

    The FRC has issued its 2018/19 inspection reports on the quality of FTSE 350 audits.

  10. ICAS quality management response

    ICAS has responded to the International Auditing and Assurance Standard Board’s (IAASB) proposed suite of quality management standards.

  11. Audits of less complex entities

    The IAASB is seeking views on the challenges in applying the International Standards on Auditing (ISAs) in audits of less complex entities.

  12. ICAS responds to Brydon Review

    ICAS Response to Brydon Review ‘Call for Views’ on the Quality and Effectiveness of Audit

  13. Enhancing the value of Audit

    This report from ICAS and CPA Canada includes recommended actions from experts to help advance the value and relevance of audit.

  14. Root cause analysis and audit quality

    Root cause analysis (RCA) originated in the engineering industry but is increasingly being used by audit firms to improve audit quality.

  15. Improving the quality of group auditing

    Research into improving the quality of group auditing

  16. Restoring faith in audit

    A good-quality audit is vital to maintaining trust in the market, says David McBain

  17. Graduated findings in UK audit

    Graduated findings appeared in auditor’s report back in 2013. BEIS Committee report and John Kingman have recommended that this approach is mandated in the UK.

  18. Brydon call for views on audit

    Sir Brydon has issued a Call for Views and information on the quality and effectiveness of statutory audit in the UK.

  19. BEIS Committee recommendations on capital maintenance

    An opinion piece on the BEIS Committee’s report on the future of audit.

  20. BEIS Committee report

    "The Business, Energy and Industrial Strategy (BEIS) Committee has issued its report and recommendations for the reform of the UK audit market."