Chartered Accountants in Huddersfield

Abigail Harper assesses the part internal audit plays in internal control and risk management, as it performs a health check on processes and procedures.

John Selwood focuses on some of the many questions around audit reports, going concern and COVID-19 issues.

Our roundup of regulatory news.

In October 2020 the Audit and Assurance Faculty held its first global, virtual, cross-faculty event, Going concern and resilience: lessons learned from COVID-19. It offered answers to some of the big audit and financial reporting questions that auditors and preparers will be considering over the coming months.

COVID-19 is having a profound effect on many businesses and we can expect to see this continue into future financial reporting periods. Whether businesses are experiencing a temporary downturn as a result, or more radical changes, COVID-19 is likely to impact how materiality in audits is determined by auditors and the choice of benchmarks used.

A comprehensive list of standards and guidance covering external assurance engagements. Find out which standards apply for engagements by subject area, as well as information on individual standards and the practical application of guidance to assurance engagements.

This guide is designed to explain the main changes that are needed to the separate audit reports of a group and parent company compared to that of a company only.

The 2021 Training Providers’ Meeting included presentations and Q&A panels on upcoming revisions to ISAs UK and a monitoring session covering recent areas of focus

This webpage considers some FAQ on the new International Standard on Assurance Engagements (UK) 3000 (July 2020): Assurance Engagements Other Than Audits Or Reviews Of Historical Financial Information published by the Financial Reporting Council (FRC) in July 2020.

This guide was developed by the Audit and Assurance Faculty with the Business Law Department in July 2020 and is based on the relevant laws and regulations that apply as at 1 July 2020.