News in Audit and assurance

  1. Operational Separation

    We highlight the FRC principles for operational separation of the audit practices of the Big Four firms.

  2. IAASB TWG publishes guidance on documentation

    We highlight material from IAASB’s TWG: Audit documentation when using automated tools and techniques.

  3. FRC reports on use of technology in audit

    The Financial Reporting Council (FRC) has published an Audit Quality Review (AQR) paper on the use of technology in the audit of financial statements

  4. Coronavirus guidance for auditors

    We highlight the guidance issued by the FRC on 16 March 2020, for auditors.

  5. Brexit transition period

    We highlight information for auditors and firms jointly issued by the FRC and BEIS now that the UK has left the EU.

  6. FRC update

    We highlight a number of recent announcements from the Financial Reporting Council.

  7. Internal Audit Code of Practice

    Alan Simpson gives a short introduction to the new Internal Audit Code of Practice.

  8. Cyber Survey 2019

    Alan Simpson CA highlights some of the key findings from the latest cyber security breaches survey.

  9. APMs and KPIs

    ICAS summarises Brydon’s proposals on Alternative Performance Measures and Key Performance Indicators.

  10. Internal controls

    ICAS summarises Brydon’s recommendation for introducing a UK version of Sarbox and his proposals on internal audit.

  11. Fraud protection and detection

    ICAS summarises Brydon's proposal for a package of measures around fraud detection and prevention.

  12. Brydon review published

    Brydon publishes his report on the quality and effectiveness of audit.

  13. Purpose of audit redefined

    Anne Adrain, ICAS Head of Sustainability and Assurance, summarises the recommendation for a redefinition of audit and its purpose.

  14. Learn about the ECIIA

    Learn about the work of the ECIIA, which represents the internal audit profession throughout Europe.

  15. Revised UK Going Concern standard

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

  16. Top risks for internal auditors

    A report published by the ECIIA highlights the top risks currently faced by organisations.

  17. ICAS calls for LCE audit standard

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

  18. 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.

  19. Internal audit consultations

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

  20. Is two-tier audit inevitable?

    ICAS discusses whether a two-tier audit regime is on the horizon.