Consultations

Audit | FRC reviews Ethical Standard to reduce conflicts of interest

The Financial Reporting Council is planning to tighten up the Ethical Standard for auditors to improve levels of integrity and reduce conflicts of interest

8 Aug 2023

Audit

Consultations

Audit | IAASB consults on global sustainability assurance standard

The International Auditing and Assurance Standards Board (IAASB) has issued a consultation on a brand new International Standard on Sustainability Assurance (ISSA) 5000

3 Aug 2023

Audit

Consultations

Audit | Lack of accountability as local audits delayed

MPs questioned the head of the National Audit Office (NAO) and other audit specialists on the huge backlog of unaudited local government accounts and what should be done to address it

6 Jun 2023

Audit | IOSCO plans global rules for cryptoassets

A global standard setter has outlined a framework for global crypto regulation, including protections for investors and an integral role for auditors

23 May 2023

Audit

Consultations

Audit | FRC plans to update audit enforcement procedure

The Financial Reporting Council (FRC) is consulting on changes to the audit enforcement procedure (AEP) to give the board more time to consider cases

12 Apr 2023

Audit

Consultations

Audit | IIA plans overhaul of internal audit standards

The Institute of Internal Auditors (IIA) is consulting on proposed changes to framework for the internal audit standards with a focus on ethics and scepticism

8 Mar 2023

Audit

Consultations

Accounting | MPs launch inquiry into problems with local council audit

The Levelling Up, Housing and Communities (LUHC) Committee has launched an inquiry into financial reporting and audit in local authorities as the majority of audits are filed late and more councils declare financial failings

3 Mar 2023

Audit | IAASB consults on group audit rules for less complex entities

The International Auditing and Assurance Standards Board (IAASB) is consulting on rules for group audits for less complex entities (LCEs)

26 Jan 2023

Audit

Consultations

Audit | FRC consults on improving audit committee conduct

The Financial Reporting Council (FRC) has launched a consultation on its draft proposal for a minimum standard of conduct for audit committees

8 Nov 2022

Audit

Consultations

Audit | ICAEW says funding change crucial for ARGA

ICAEW has called for stable and independent funding to ensure that the Auditing, Reporting and Governance Authority (ARGA) can deliver as a robust audit regulator

26 Oct 2022

Audit

Auditing

Consultations

Audit | FRC plans audit quality metrics to compare firm performance

The Financial Reporting Council (FRC) has issued a consultation on publishing audit quality indicators for the largest UK audit firms in an attempt to improve audit quality

22 Jun 2022

Audit

Consultations

Accounting | Temporary depreciation rules out for consultation

Problems with public sector accounting rules for infrastructure assets have caused endless delays to local authority audits resulting in a flash consultation on temporary changes to the rules

25 May 2022

Audit | FRC set to remove audit firm registration from institutes

The Financial Reporting Council has issued a six-week consultation on plans to give it the power to register and strike off auditors of listed companies, removing responsibility from the professional institutes

14 Apr 2022

Audit

Consultations

Audit | ISA 600 proposals focus on risk of material misstatement

The Financial Reporting Council (FRC) is consulting on an exposure draft of Proposed ISA (UK) 600 Special Considerations - Audits of Group Financial Statements focusing on audit partner responsibilities and areas of risk

11 Apr 2022

Audit

Consultations

Audit | Internal audit body slates lack of progress on audit reform

The delay to the publication of a timetable for audit reform has forced the Chartered Institute of Internal Auditors to write to the Prime Minister calling for urgent action

15 Mar 2022

Audit | CIPFA LASAAC consults on plans to address late audits

The CIPFA LASAAC Local Authority Code Board has announced an emergency consultation to address the problem with late audits and failure to file timely audited accounts

4 Feb 2022

Audit

Consultations