Raising the bar on audit quality

As we take on the challenge of rebuilding a post-pandemic economy, it is also time to consider new ways to improve audit quality. Alex Russell takes a closer look at the key messages in a new faculty publication.

Developing an audit and assurance policy

This webinar will provide attendees with an overview of ICAEWs recommendations for developing an audit and assurance policy, based on proposals included in Brydon’s report on the quality and effectiveness of audit.

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The future of corporate governance

The UK government’s proposed reforms to corporate governance and audit are long overdue – but they are opening up a rare opportunity for genuine and long-lasting changes. Here’s why.

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The importance of internal audit

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

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Going concern and resilience: lessons learned from COVID-19

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: determining materiality

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.

Standards and guidance

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.