Audit reporting

2013

• New proposals on going concern guidance and auditing standards.
• [22/04/2013] The Financial Reporting Council (FRC) has outlined its proposals for implementing some of the recommendations made by the Sharman Panel, subsequent to its inquiry into going concern and liquidity risks, in a consultation paper that includes a new ‘guidance on going concern’ for directors and proposed amendments to related auditing standards.
• Audit Reports Consultation
• [07/03/2013] The FRC have published their consultation regarding revisions to ISA 700 - Audit Reports
• FRC: Corporate Governance
• [16 January 2013] The UK Corporate Governance Code, UK Stewardship Code and Guidance to Audit Committees have been published by FRC. The updated codes apply from 1 October 2012.

2012

• Disclosure of remuneration for non-audit services
• [20/03/2012] An update on the disclosure of auditor remuneration regulations, including details of a revised ‘schedule 2’.
• Going Concern - Who is Responsible
• [09/03/2012] Guidance on going concern.

2011

• Further changes to auditor's reports
• [01/07/2011] On 15 February 2011 the Auditing Practices Board (APB) issued a revised version of ISA 700 (UK and Ireland) The Auditor’s Report on Financial Statements effective for periods ending on or after 23 March 2011.
• Changes to auditor reports
• [23/03/11] Changes to auditor reports for periods ended on or after 15 December 2010.

2009

• Audit Exempt Companies - ACCA Accounts Preparation Report
• [10/08/09] Technical Factsheet 163: Audit Exempt Companies - ACCA Accounts Preparation Report
• Impact of the Credit Crunch in the Audit of Small Companies
• [19/05/09] - ACCA UK has published Technical Factsheet 143: The Impact of the Credit Crunch in the Audit of Small Companies.
• Revised ISA 700 'The Auditor's Report on financial statements'
• [18/05/09] - APB issues revised ISA (UK and Ireland) 700 'The Auditor's Report on financial statements'.
• New requirements when signing an auditors’ report
• [01/04/09] - Details of how to sign auditor’s reports under Companies Act 2006

2008

• Financial Reporting Panel takes action on qualified accounts
• [07/11/08] - An overview of the Financial Reporting Review Panel’s activity and procedures
• APB issue Bulletin 2008/9
• [07/11/08] - APB issues Bulletin 2008/9 on Miscellaneous Auditors Reports required by Companies Act 2006