Amendments have been made relating to CPD, key definitions and audit-firm eligibility, recognition of overseas audit qualifications, monitoring compliance and committee definitions.

• Access the UK Audit Regulations and Guidance effective 1 October 2024
• Download a Schedule of Amendments listing the changes
• View a tracked changes version of the regulations
• Read more about the changes to UK audit rules from 1 October 2024

Firms should act now regarding the changes that relate to audit-firm eligibility. You must comply by 1 April 2025.

• Audit eligibility changes: check your firm will meet new requirements

• Access the UK Audit Regulations and Guidance archive

ICAEW has revoked its Recognised Accountancy Body (RAB) status in Ireland.

Chartered Accountants Ireland has recently issued new stand-alone Audit Regulations for Ireland. The Audit Regulations Ireland replace the Audit Regulations and Guidance (effective 1 January 2020) and the addendum effective 22 December 2021.

• Access the Audit Regulations and Guidance for Ireland (effective from 6 April 2022)

Special arrangements apply to firms that audit companies incorporated in one of the Crown Dependencies that have 'transferable securities' admitted to trading on a 'regulated market' in the EU. The arrangements apply even if the firm or company is not operating in a Crown Dependency.

• Access the requirements

Practical audit support and guidance is available to ICAEW auditors including the latest regulatory updates, webcasts and monitoring reports.

• Access a wide range of useful resources

Issues for audit firms outside the US that audit entities with a primary or secondary listing in the US, or a significant subsidiary thereof, and need to register with the PCAOB.

All audit registered firms considering a change of ownership to introduce private capital should engage with the Financial Reporting Council (FRC) and their recognised supervisory body (RSB) as early as possible.

• Learn more and read FRC guidance on the independence implications of private capital funding