Mark Babington outlines the Financial Reporting Council’s changes to UK auditing standards.
Our going concern standard (revised in September 2019) has attracted a lot of attention. The FRC hopes that it will drive further improvement at the international level. It addresses audit failings that we have identified during our inspection and enforcement work, including high-profile cases, such as BHS, by requiring:
Continue reading
This content is not freely available. To access 'Standard destinations' you need to be one of the following:
ACA student
This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take
Audit and Assurance Faculty
Stay ahead of the curve with our expert guidance, trusted technical resources and practical insights.