Audit and assurance
ICAS calls for LCE audit standard
Anne Adrain, ICAS Head of Sustainability and Assurance, summarises the main revisions to the UK Going Concern standard.
Audit should be part of holistic review
ICAS has submitted its response to the CMA on the large company audit market in the UK. Our response to Sir John Kingman’s review of the FRC and previous ICAS publications informed our submission. Our key messages to the FRC are set out below.
FRC review: Going concern policies
FRC review reveals audit firms have introduced additional measures to enhance their evaluation of companies’ going concern assessments
Response to FRC audit tech paper
ICAS responds to the FRC discussion paper: ‘Technological resources: using technology to enhance audit quality’
We highlight the FRC principles for operational separation of the audit practices of the Big Four firms.
IAASB TWG publishes guidance on documentation
We highlight material from IAASB’s TWG: Audit documentation when using automated tools and techniques.
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.
10 computer-hacker terms
Hacking with the objective of financial gain or some subversive political motive is very topical.