The Department for Business, Energy and Industrial Strategy (BEIS) have issued their proposals on reform of the audit market. The proposals pick up on the recommendations made in the three reviews into the audit market that were carried out in 2018 (Kingman, CMA and Brydon), and include some changes that have long been suggested, such […]
We have developed a new on-demand training course for new users of the HAT methodology. This online training is broken down into 4 modules: Module 1: The “Basics” and the First Stages of Planning Module 2: Formal Planning Procedures Module 3: Audit Approach and Audit Sampling Module 4: Review and Finalisation This training focusses solely […]
Three revised auditing standards will affect all audit clients during 2021. Typically affecting years ending 31 December 2020 onward, they will fundamentally impact the conduct of, and reporting on, an audit. For the first time the audit firm will be required to specifically explain in the audit report how the audit approach was capable of […]
It appears that the first few months of 2021 will be as challenging as 2020 with a third National lockdown in England and similar restrictions throughout the rest of the United Kingdom. Many of us also face the challenges posed by Brexit and for those working in audit, the need to understand the revised auditing […]