Only a small number of local government and NHS audits has been analysed by the audit regulator this year after ‘unacceptable delays’ in filing completed audit reports
The International Auditing and Assurance Standards Board (IAASB) has released ISA for LCE, a first of its kind, global auditing standard designed specifically for smaller and less complex businesses
The quality of guidance on audit sampling needs to be improved and firms must make more use of audit data analytics to improve professional judgment by auditors
The Financial Reporting Council has revised ISA (UK) 505 External Confirmations auditing standard to make it clear how to verify external information, including digital sources, for audit evidence
Big Four firm EY has reportedly repaid Santander UK a total of £15m after the bank branded its performance as poor when trying to resolve anti money laundering compliance issues
Victoria Carpets has ‘potential irregularities’ in its accounts after auditor Grant Thornton raised concerns over possible fraud at one of the group’s subsidiaries
Aron Kleiman, head of audit and accounts at Wilson Wright LLP, explains why the requirements of ISQM (UK) 2 apply to all firms, not just the largest ones
John Selwood ACA looks at the key changes to ISA (UK) 240 for auditors and takes a deep dive into what can go wrong on an audit with regards to fraud and how to avoid these issues
The US regulator has banned the head of UK audit firm Crowe and lead audit partner from US audit work after significant audit misconduct related to music streamer, Akazoo
The value of audit fees paid by the UK’s 500 biggest businesses has risen 14% over the last year while a staff shortage and increased scrutiny raises costs
In this month’s exclusive Accountancy Daily CPD learning module, find out about the key changes to ISA (UK) 600 auditing standard including use of component auditors and group statements
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