It is with great pleasure that we announce the appointment of Andrew Jarvis as our new Managing Director. Andrew has been with HAT since 2005 and is looking forward to taking the company forward. On his appointment, Andrew commented “I am delighted to become Managing Director of HAT. My key goals are to ensure that […]
The Charity Commission / OSCR / CCNI have issued updated guidance regarding matters of material significance which need to be reported to them (which in usual circumstances, include a qualification / emphasis of matter in an audit report), which states: “Auditors of charities in England and Wales, Scotland and Northern Ireland have a common statutory […]
The current coronavirus pandemic is likely to result in many more audit reports requiring modification than is normal. Working out the correct modification can be difficult where you have not encountered a similar scenario in the past.  As the FRC note: The need for a modified opinion may arise because certain audit procedures cannot be performed […]
ICAEW have released an engagement letter schedule for firms to issue where they will be making the claims for the coronavirus job retention scheme grant on behalf of clients. This is available to ICAEW members from the following link: https://www.icaew.com/technical/practice-resources/practice-helpsheets/engagement-letters    
We are pleased to announce the release of  our latest CaseWare template. This represents a minor update from the previous template issued in late 2019. Full details of the changes made are available in the Release Notes.  We appreciate many firms are struggling in the current situation to manage paper files effectively. For details of […]
The Coronavirus (COVID-19) outbreak is having a significant worldwide impact. Whilst everyone’s first thoughts are to keep their loved ones safe, auditors must be alert to the impact that the outbreak is having on their clients. The global economic downturn, restrictions on travel, delays to supply chains, loss of cash flow, amongst other factors, can […]
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 […]