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.
Not the Spanish Inquisition
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.
International Technical Updates April 2021
Our roundup of regulatory news.
Professional scepticism
These resources are intended to help auditors in applying and demonstrating a sceptical mind set in their audits.
Coronavirus (COVID-19): Considerations for inventory audit testing
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.
Coronavirus (COVID-19): Considering the impact on group auditors
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.
Topics and tips for 2021 audits
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.
Remote auditing frequently asked questions
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.
Coronavirus (COVID-19) – An introduction to using electronic signatures to sign an audit report
Many auditors are working from home during the COVID-19 lockdown, and this presents logistical challenges for the signing of the auditor’s reports on financial statements.
How to apply for the Audit Qualification (AQ)
ICAEW’s Audit Qualification (AQ) is only available to ICAEW members and is free of charge. Please read through the following carefully to determine if the AQ is relevant to you and how you should apply.