Latest news
Coming soon – Crossing the Line
- Article
- 12 Feb 2025
Currently in production, Crossing the Line, is the fourth instalment in ICAEW’s award-winning training film series that’s set to bring the world of auditing to life.
What you need to know about ACSP registration opening on 25 February
- Article
- 11 Feb 2025
Are you a third-party provider planning on carrying out identity verification checks for Companies House on behalf of your clients? Mark your calendar, as authorised corporate service provider (ACSP) registration opens on 25 February 2025.
2025 Audit Regulations changes: movement of audits and sole practitioner alternates
- Article
- 05 Feb 2025
Following a consultation process, the ICAEW Regulatory Board (IRB) will be asked to approve updated Audit Regulations at its March 2025 meeting. The revised regulations introduce a notification requirement for registered audit firms when they are appointed to audits that are potentially complex or high risk, and a requirement for sole practice auditors to appoint an alternate.
Check and monitor your firm’s audit eligibility
- Helpsheets and support
- 05 Feb 2025
Use this tool to check if your firm is still eligible to carry out audit work following recent Audit Regulations changes on audit firm control. You should also use this tool if you considering making changes to your firm structure.
Top regulatory resources of 2024
- Listing
- 06 Jan 2025
Grouped by regulated area, review the most accessed resources from last year to help you remain compliant in 2025.
Auditors’ obligations to report to the FCA
- Article
- 04 Nov 2024
Following the first sanction imposed by the Financial Conduct Authority (FCA) on an audit firm for failing to comply with reporting obligations, ICAEW is reminding auditors of their statutory duty under the Financial Services and Markets Act 2000 to report to the financial regulator.
Listen back: 2023/24 Audit monitoring results
- Link
- 28 Oct 2024
Find out about the results of the audit monitoring visits undertaken by our quality assurance department in 2023/24 and learn about some of the factors that contributed to these results.
Audit eligibility changes: check your firm will meet new requirements
- Link
- 28 Oct 2024
An important revision has been made to the Audit Regulations to bring them in line with the Companies Act 2006. The updated regulations came into effect on 1 October 2024 and firms will have until 1 April 2025 to comply. It is possible the changes may impact on firms’ eligibility to be audit registered. We explain the changes, why they have been made and advise what firms should do now.
All available issues of Audit News e-newsletters
Audit News 75, October 2024
- Newsletter
- 25 Oct 2024
Learn about recent updates to the UK Audit Regulations as some changes could impact on your firm’s eligibility to be audit registered. Act now to ensure compliance. Also find the 2023/2024 Audit Monitoring Report and recording from its accompanying webinar, plus an update on ISQM 1 monitoring.
Audit News: issue 74, June 2023
- Newsletter
- 20 Jun 2023
In this issue, read about changes under the special entrant route for the Audit Qualification, how firms are implementing ISQM 1, and changes to the UK Audit Regulations. We also provide updates from the Professional Standards Department around CPD, the disciplinary process and more.
Audit News: Issue 73
- Newsletter
- 15 Mar 2023
In this issue we highlight concerns from our Quality Assurance Department about audit quality in 2022, key ISQM 1 resources, the latest UK Audit Regulations and changes to the disciplinary framework which will take effect on 1 June.
Audit News: issue 72
- Newsletter
- 10 Nov 2022
Read about PIE audits and new registration requirements, risk alert for new audit tenders, auditor resignations and your responsibilities, good practice when taking on new audits, local audit quality inspection results, quality management in audit firms, ISA 600 and what’s new in group audits, compliance reviews as a positive learning experience, enhanced ICAEW membership, and Quality Assurance monitoring feedback results.
Audit News: Issue 71
- Newsletter
- 16 Jun 2022
Read about our monitoring approach to implementation of ISQM1, audit monitoring visits update, why clarity is vital in auditor resignation statements, FRC changes to registrations for auditors, government’s audit reform plans, revised Irish audit regulations audit guidance in response to the Ukraine crisis, reporting matters of material significance to charity regulators, and the latest Professional Standards updates.
Audit News: Issue 70
- Newsletter
- 21 Feb 2022
Read about statutory six-year cycle for audit monitoring, being prepared for Quality Management standards, EU country registration a recording of Audit Update for Q4 2021, feedback from firms on QA reviews in 2021, consultation on changes to ICAEW’s disciplinary framework, resourcing root cause analysis; updating ICAEW on your firm’s details, and ICAEW’s audit monitoring report for 2020—21.
Audit News: Issue 69
- Newsletter
- 12 Nov 2021
Read about reporting matters of material significance to charity regulators. an update on your audit monitoring visits, a reminder about our feedback survey, information on QA webinar, what good looks like for going concerns, access to series of articles sharing insights on ways to work in the regulatory sphere, our response to BEIS White Paper, and information about having the right insurance for cyber risks.
Audit News: Issue 68
- Newsletter
- 14 Jun 2021
Read about our survey to find out what your firm thinks about our audit monitoring reports, a return to onsite Quality Assurance reviews, reporting breaches of the FRC Ethical Standard, regulatory applications update, regulation and conduct through difficult times, issues coming before the ARC, social media guidance, keeping the Chartered Accountant’s badge shiny, follow the new R&C LinkedIn page, and a reminder to complete our survey.
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