Following the Government’s announcement to stay at home and only travel for work if absolutely necessary, it is likely that there will be a significant impact on stock attendance for those clients with a 31 March year end. So, what can be done? ISA (UK) 501 Audit Evidence—Specific Considerations for Selected Items requires the auditor […]
As you may be aware, all ICAEW, AAT, CTA and ATT exams are currently suspended. We understand the ICAEW Advanced Stage sitting in July has been postponed until the end of August and the June sitting of the Professional Stage has been cancelled. (It is expected that the next Professional Stage sitting will be September). […]
During this period of unprecedented uncertainty and constant change, we are closely monitoring the situation and will respond as appropriate, following the latest advice from the Government. It goes without saying that we need to protect both our team and the high number of individuals we encounter when providing our clients with technical, training and […]
Please see below a message from Kaplan which was sent to all firms and students yesterday evening: From tomorrow (17th March) and until further notice we will be suspending exams and face-to-face teaching at our training locations across the UK. We cannot predict how long these measures will need to be in place, but […]
The FRC’s Revised Ethical Standard 2019 was released in December 2019 and comes into effect for the audits of entities with accounting periods beginning on or after 15 March 2020. Whilst this means that the new Standard will generally apply to entities with financial year ends of 31 March 2021 and on wards, there are […]
Just before Christmas, the Financial Reporting Council (FRC) issued the final versions of the amended Ethical Standard and several Auditing Standards. Various Auditing Standards have been amended, and these are effective for accounting periods commencing on or after 15 December 2019; for the vast majority of entities, these new Standards will only affect 31 December […]
The latest version of our CaseWare corporate template dealing with FRS 102 (March 2018), IFRS 16 and changes to the HAT documentation for non-audit assignments has been released. Full details of the changed can be downloaded here. The updated template is available from CaseWare. CaseWare are hosting a free webinar to explain these changes next […]
CaseWare are hosting a free webinar to explain imminent changes to the HAT templates, including the impact of FRS 102 (March 2018), IFRS 16 and our new three tier approach for non-audit assignments on 8 January. We are pleased that Andrew will be guesting to explain the reasons for these changes. To sign up to […]
The ICAEW have issued an update regarding the EU’s Fifth Money Laundering Directive (“5MLD”), which states: “HM Treasury is currently revising MLR17 to take account of the changes required by 5MLD, the directive must be transposed by 10 January. Note that it will not be possible for this to be finalised and published until the […]
