4 KEY ISSUES FOR 2021 ACADEMY AUDITS
This month, Peter Herbert discusses key issues for 2021 Academy Audits.
WHAT’S NEW IN PRACTICE ASSURANCE?
May 2021 saw the publication of ICAEW’s 2021 Practice Monitoring Report. The report can be downloaded here. Look out in the months to come for further ICAEW reports on Audit Monitoring and AML Monitoring. Here are five key messages that we picked up from ‘Practice Monitoring 2021:’
- Professional Conduct in Relation to Tax really
MORE QUESTIONS ON FRS 102 SECTION 1A
This month, Peter Herbert discusses common questions about disclosure requirements for FRS 102 Section 1A accounts, including S413 credits, advances and guarantees, related party transactions and accounting policies.
AML DUE DILIGENCE – MORE FAQS
We get lots of questions at Insight Training about anti money laundering – and lots about client due diligence procedures. With more and more firms moving towards electronic tools or platforms to help with due diligence, here are some of the more common questions about their use:
- We’ve recently invested in an electronic platform for
TRUSTEE & RELATED PARTY TRANSACTIONS IN CHARITY ACCOUNTS
This month, Peter Herbert discusses common questions about the disclosure of trustee related transactions and the need to make reports of matters of material significance to the Charity Commission.
Furlough Fraud – All the Angles
This month, Peter Herbert discusses recent FAQs on furlough fraud. He covers anti-money laundering issues and reporting requirements, audit considerations and financial reporting issues.
Pension Scheme Accounts & Audit Hot Topics
This month, Peter Herbert discusses some pension scheme accounts and audit hot topics, including narrative disclosures, the impact of Covid-19, GMP equalisation and common audit failings.
All Change for S479A
We’ve had a flurry of queries at Insight Training in the last few weeks about section 479A of the Companies Act 2006 and how Brexit will affect it. Here, in a nutshell are the key questions:
What is section 479A?
Section 479A allows a subsidiary company in a group to take advantage of audit exemption provided that
Provisions for Liabilities
This month, Peter Herbert discusses provisions for liabilities, including grant repayments and audit considerations.
Audit Reports and Going Concern
Peter Herbert discusses the topical issues regarding Audit Reports and Going Concern in this month’s vlog.
