Chartered Accountants in Huddersfield

The requirements, challenges and practical resources for auditors.

ICAEW’s Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics.

Access practical resources on key areas of the audit to help understand auditors’ responsibilities and the requirements of International Standards on Auditing (ISAs) and support audit quality. These resources include practical support to help auditors deal with the challenges that may arise.

How do you demonstrate the required level of professional scepticism in practice? Adrian Gibbons highlights the importance of critically assessing audit evidence and adequately documenting it.

Our roundup of regulatory news.

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

ICAEW’s Audit and Assurance Faculty answers members’ common practical questions about how to audit inventory given the mandatory closure of many businesses and restrictions of movement across the world.

This Audit and Assurance Faculty Know-How guide explores COVID-19 issues faced by UK group auditors with overseas component auditors. It offers practical considerations in relation to the work of component auditors to address the requirements in ISAs (UK). It may also be relevant for group auditors in other jurisdictions with similar requirements.

Peter Herbert gives tips for auditors on handling revisions to international auditing standards (ISAs) on going concern and accounting estimates, new ethical standard requirements on long association, new advice on reporting on irregularities and, of course, the effects of COVID-19.

This Know-How Guide from ICAEW’s Audit and Assurance Faculty considers a selection of frequently asked questions about auditing remotely in light of the coronavirus pandemic. It may be updated or extended from time to time in response to events and member feedback.