ICAEW guidance on audit quality revised
In an effort to improve the quality of audit work, the English ICA's Audit and Assurance Faculty has published the latest edition of 'Towards Better Auditing'.
‘If firms are to keep up with the pace, simply dictating that “this is how things will be done from now on” is not enough,’ said to Pannell Kerr Forsters’ Tony Upson who chaired the working party that produced the booklet.
‘It is vital to develop staff and partners with the necessary skills, knowledge and ability, and manage change effectively,’ he added.
Written by audit practitioners from firms of all sizes, the booklet shows how modern auditing has moved beyond a routine set of procedures to a more challenging and constructive business-oriented approach.
It contains practical advice on conducting audits as well as the wider aspects of organisational culture necessary for improvements.
‘Towards Better Auditing’ is being distributed to all members of the Audit and Assurance Faculty and is available from the Faculty priced £10.00.