Audit Consultations

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Finance | Regulator set to review broken NHS audit market

As the NHS struggles to find auditors, the regulator has launched a market study into supply problems and shortage of auditors

29 Jul 2024

Public Sector

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Finance | IASB mulls changes to accounting for hyperinflation currencies

IASB proposes amendments to accounting rules for translating financial information into hyperinflationary currencies under IAS 21

25 Jul 2024

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Finance | Firms will have to tell ICAEW when they win audit business

ICAEW proposes to make changes to the UK Audit Regulations and Guidance which will require audit registered firms to notify ICAEW when they are appointed as auditors to certain entities

11 Jun 2024

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Finance | Non-profit accounting guidance out for consultation

Plans to develop the first International Non-Profit Accounting Guidance (INPAG) for non-profits has stepped up a gear with a final consultation

28 May 2024

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Finance | Accounting taxonomy to be updated for IFRS 18 rollout

The International Accounting Standards Board (IASB) plans to amend the IFRS Accounting Taxonomy to reflect new disclosure requirements in IFRS 18

23 May 2024

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Finance | SME threshold change will cut accounting costs

The government has launched a brief six-week consultation on plans to change the threshold size of SMEs and a limited removal of the requirement for a strategic report

20 May 2024

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Finance | Consultation on accounting for renewable electricity contracts

The International Accounting Standards Board (IASB) is consulting on narrow-scope amendments to the effects of renewable electricity contracts on companies

13 May 2024

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Finance | IAS 38 intangible accounting rules up for review

The rules on accounting for intangibles such as intellectual property and cryptocurrency are set for an overhaul as standard setter scopes out plans for review of IAS 38 standard

25 Apr 2024

Finance | IFRS for SMEs to expand supplier finance disclosures

The International Accounting Standards Board (IASB) plans to improve transparency of supplier finance disclosures in SME rules

3 Apr 2024

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Finance | IASB set to improve disclosure rules about acquisitions

The International Accounting Standards Board (IASB) plans to reform the accounting rules to make reporting on acquisitions more transparent

15 Mar 2024

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Finance | Single internal audit code to address risk

The Chartered Institute of Internal Auditors is planning an overhaul of the Internal Audit Code of Practice merging the current disparate rules for different sectors

12 Mar 2024

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Finance | FRC plans overhaul of Stewardship Code

The Financial Reporting Council (FRC) has launched a fundamental review of the UK Stewardship Code 2020 to ensure it is fit for purpose and does not promote short-termism

27 Feb 2024

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Finance | IAASB to strengthen auditor's responsibility to identify fraud

The International Auditing and Assurance Standards Board (IAASB) is planning significant changes to strengthen the standard on auditors’ responsibilities relating to fraud

21 Feb 2024

Public Sector

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Finance | NAO set to revise local authority Code of Audit Practice

The National Audit Office (NAO) has launched a four-week consultation seeking views on changes to the Code of Audit Practice affecting local authority audits

12 Feb 2024