The new offence applies from 6 April 2008.
Our concern was that auditors acting innocently or unwittingly might be swept up, or at least think that they could be.
Following representations by ICAEW, the government has now prepared and issued guidance to prosecutors clarifying that this is not the intent.
Join the Audit & Assurance Faculty
Further resources
Audit News
Audit News is your regulatory update containing the latest audit and assurance technical guidance and best practice advice. We email audit compliance principals and responsible individuals when a new issue of Audit News is available. Audit News is also available to all ICAEW members – please select the Audit and Assurance topic from your list of preferences and we will notify you by email when a new issue is available.
Find out moreProfessional indemnity insurance
Professional indemnity insurance (PII) is compulsory for all ICAEW members who have a practising certificate and engage in public practice. PII is a requirement for a number of regulations.
Find out moreTechnical Releases
A listing of Technical Releases published by the Audit and Assurance Faculty
View more
Professional scepticism
Resources to help auditors in applying and demonstrating a sceptical mind set in their audits, including articles, practical guidance and training tools.
Browse resources