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LONDON, UK
Monday, 26 June 2017

FRC consults on adopting international auditing standards to facilitate public assurance of insurers’ Solvency...

The Financial Reporting Council has released a consultation on the adoption of ISA 800 and 805 in the UK. This document seeks views on...

Where next with assurance? Asks ICAEW in their latest consultation paper

ICAEW is asking for responses on its latest paper on assurance models. As part of its series on how audit and assurance can meet...

IAASB WELCOMES US PCAOB’S EFFORTS TO ENHANCE THE AUDITOR’S REPORT

The IAASB welcomes the release by the US PCAOB of its re-proposed auditing standard, The Auditor's Report on an Audit of Financial Statements When the...

ACCA responds IAASB’s proposal ITC to enhance audit quality

ACCA has responded to IAASB’s Invitation to Comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits (the...

Revised UK Corporate Governance Code

The FRC has issued final draft updates to the UK Corporate Governance Code and the associated Guidance on Audit Committees to reflect forthcoming UK...

FRC highlights role of Engagement Quality Control Reviewer in overall audit quality

The Financial Reporting Council issued a thematic review undertaken by its Audit Quality Review (“AQR”) team on the work performed by engagement quality control...

Audit quality and transparency key to Audit Firm Governance Code’s provisions

The FRC has issued a consultation on the provisions of the Audit Firm Governance Code, in light of its review earlier this year. The proposed...

ACCA and IIA join forces to boost internal audit industry with new exam and...

ACCA has agreed with the IIA (the Institute of Internal Auditors) to develop their Certified Internal Auditor (CIA) Challenge Exam that will be available...

Audit quality improves but further action required to address recurring issues

The FRC has published its 11th annual report on its inspections of audit quality in the UK and individual reports on five of the...

ISA 720 (Revised): ENHANCES AUDITOR FOCUS ON QUALITATIVE DISCLOSURES

The IAASB have released ISA 720 (Revised), The Auditor’s Responsibilities Relating to Other Information. The revisions aim to clarify and increase the auditor’s involvement with “other information”—defined...

Latest article

ICAEW: Political stability vital for strong financial leadership

Commenting on the Public Sector Finances for May 2017, published today by the ONS, Ross Campbell, ICAEW Public Sector Director, said: In the wake of...

Number One Employer for Social Mobility is…

Grant Thornton UK LLP has been recognised for its significant action to improve social mobility in the workplace.   In what is believed to be...

AICPA Praises House for Passing Mobile Workforce Bill

The AICPA applauded the U.S. House of Representatives today for passing the Mobile Workforce State Income Tax Simplification Act of 2017, H.R. 1393.  The bill would simplify state...