The amendments are largely caused by changes to International Financial Reporting Standards (IFRS) accounting standards as a result of new requirements in the recently released “IFRS 18 Presentation and Disclosure in Financial Statements” and in it the FRC has been very clear that FRS 101 cannot be used in conjunction with the new “IFRS 19 […]
The report outlines six common weakness: Risk assessment ISA 315 (revised 2020) introduced a range of changes, with a clearer emphasis in some areas, such as the understanding of IT systems and controls. Where there are complex IT systems, the ‘understanding’ may require more specialist expertise within the audit firm, which is not always recognised. ICAEW […]
My name is Marcus and I joined Beavis Morgan following my graduation from the University of Southampton with an Economics degree. I initially applied to HAT due to my desire to complete the ACA exams at a small to medium size firm after a discussion with a family friend regarding the benefits which come with […]
As audit professionals, staying informed of regulatory trends and expectations is essential—not just for compliance, but for improving the quality and credibility of our work. ICAS recently published its findings from the 2024 audit monitoring visits, revealing a mixed picture of audit quality across firms. While a notable amount of good audit work was observed, […]
As auditors, our responsibility is to provide an independent opinion on a company’s financial statements. However, this role is sometimes misunderstood, particularly by third parties who may attempt to rely on the audit report for purposes beyond its intended scope. This is where the Bannerman paragraph becomes important — acting as a disclaimer to clarify […]
Hello, my name is Jamie, and I am an ACA trainee with Wilder Coe Ltd. I joined Wilder Coe through the HAT recruitment process in 2024, after spending 3 years at the University of Exeter studying Business and Management. When I decided that I wanted to take my ACA exams I knew that a smaller […]
My name is Sydney, and I am an ATT trainee at the HAT Group firm Lewis Golden LLP. I graduated with a degree in Mathematics in 2023, having no experience with tax or accountancy. After researching various job opportunities, I was lucky to find an opening for a trainee role at a HAT group firm. […]
Hi, my name is Stephen, and I am an ACA trainee at Alwyns LLP. I graduated from the University of East Anglia with a degree is business finance and management, where I found myself specifically enjoying the accountancy modules. Working for a HAT firm has allowed me to gain experience in completing work on businesses […]
My name is Reece and I joined Lewis Golden LLP after graduating from the University of Southampton with a Law Degree. I began my career at the firm by studying for the AAT while working in the management accounts department. This provided me with a strong foundation and several exemptions when progressing onto the ACA. […]
