Emerging issues

Guidance

Audit and technology

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Digital tools are helping audit to evolve in a data-heavy, fast-moving corporate world. Innovative analytical and artificial intelligence tools are transforming audit, enabling auditors to be more collaborative and provide greater insights in real time.

Audit and Fraud

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In this Insights special we look at the vital role auditors play in identifying fraud in the financial sector and examine how fraud can be addressed.

Shaping standards and regulation

Audit representations

ICAEW is committed to sharing the experience and expertise of our members to shape audit regulations, standards and policies. Read our latest representations, which include our responses to consultations from government departments, regulators and standard-setters.

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Conducting audits

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Appointment and engagement terms

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Access practical resources on client acceptance, auditor appointment and agreeing engagement terms to help understand auditors’ responsibilities and the requirements of International Standards on Auditing (ISAs), in particular, ISA 210. These resources include practical support to help auditors deal with the challenges that may arise.

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Auditing Accounting Estimates

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Access resources and support tools on auditing accounting estimates, covering auditors’ responsibilities under auditing standards and practical challenges.

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Auditing groups of companies

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Group financial statements presents challenges to both group and component auditors.

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Considerations for remote inventory audit testing

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This guide from ICAEW's Audit and Assurance Faculty looks at considerations for auditors when performing remote inventory audit testing.

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Determining and applying materiality

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Access practical resources on determining and applying materiality on audits to help understand auditors’ responsibilities and the requirements of International Standards on Auditing (ISAs), in particular, ISA 320 and ISA 450. These resources include practical support intended to help auditors deal with the challenges that may arise.

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Guides on preparing audit reports

Helpsheets and support

The Audit and Assurance Faculty has produced guides on preparing audit reports for certain specific situations. They cover the main changes needed to the examples in the FRC’s Compendium of illustrative auditor’s reports and to comply with the relevant standards.

More support on conducting audits

Guidance and support for auditors and practices on planning, performing and completing audits, as well as quality management and the latest developments.

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Standards and regulations

Standards Quality management in audit firms

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Resources to help firms sustain the momentum on quality management standards ISQM 1, ISQM 2 and ISA 220.

Audit Regulations and Guidance

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Regulations and guidance for those working in the regulated area of audit in the UK, Ireland and the Crown Dependencies.

Exclusive Implementing International Standards on Auditing (UK)

Helpsheets and support

ICAEW has created a series of practical guides to support auditors in implementing the International Standards on Auditing (UK) (ISAs (UK)). The guides focus on key challenges in implementing ISAs (UK) and how to overcome them.

Professionalism

Resources Professional judgement

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Audit and Assurance Faculty

ICAEW brings together a range of resources on professional judgement to help you develop your skills in approaching difficult judgements.

Resources Professional scepticism

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These resources are intended to help auditors in applying and demonstrating a sceptical mind set in their audits.

Resources Trust & Ethics

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Guidance and resources on key issues, including economic crime, business law, better regulation and ethics. Read through ICAEW’s Code of Ethics and supporting information.