How to Audit FRS 102 Financial Statements

19 September 2018
1:30pm - 4:45pm
Edinburgh, Glasgow

Member price: £144.50 + VAT

Non-member price: £170 + VAT

Please note, the ICAS member discount will be refunded after checkout.

Glasgow, 19 September 2018
Edinburgh, 3 October 2018

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Much has been written about the implications of FRS 102 for financial statements. This half-day seminar will focus on the key tips and traps which auditors must consider when auditing FRS 102 financial statements. The seminar will address the key technical and ethical issues presented by new UK GAAP, allowing auditors to deliver the best outcomes for them and their clients.

What you will learn

After attending the seminar, you will be able to:

  • Understand the ethical issues arising when auditing FRS 102 accounts and how to address these;
  • Tackle with confidence the misstatement risks and evidence-gathering issues that might be presented for the first time by the new regime;
  • Use recent feedback from regulators and HMRC about where FRS 102 audits have gone wrong to improve your files; and
  • Appreciate the specific issues which arise when auditing financial statements prepared under FRS 102 section 1A and FRS 105 – and how to tackle these.

Who should attend

Partners, managers and staff in audit firms who undertake statutory audits of financial statements prepared under FRS 102.

Full speaker list


Our group of presenters have worked across both the private and public sectors within external audit, financial accounting, management accounting and internal audit. They have experience both working in these fields and delivering seminars in the areas of governance, risk, value for money and fraud to managers with a broad range of backgrounds (financial and non-financial).

View full event details


  • Key ethical challenges – and how to address them
  • Developing relevant FRS 102 expertise in your firm
  • What auditors should expect of clients; and what clients should expect from auditors
  • How to audit the transition date balance sheet
  • Likely misstatement risks and how to address them
  • Audit documentation – what has changed
  • Materiality under FRS 102
  • 'Undue cost and effort' under FRS 102 – what it means for companies and auditors alike


Edinburgh, Glasgow


Tel: 0330 060 3303


  • Audit and Assurance
  • Training courses
  • Edinburgh
  • Glasgow and West

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