Summer Accountancy and Audit Update

The aim of this course is to update delegates on recent audit and accounting changes and to address current issues.

Content will include:

• UK GAAP recent changes including rent concessions and interest rate benchmark reforms
• Regulatory changes affecting December 2021 year-ends onwards
• Deferred tax following Finance Act 2021
• Guidance on current problems areas – including revenue recognition, provisions, impairment reviews and bank covenants
• Going concern issues – including the FRC’s Thematic Review
• Narrative reporting, FRC reviews and the impact of climate change on corporate reporting
• FRC’s periodic review of UK GAAP
• COVID-19 and the auditor: summary of the latest issues and guidance
• Guidance on the practical application of upcoming changes to International Standards on Auditing and the Ethical Standard, including on quality control, accounting estimates and going concern
• Getting the audit report right
• Feedback from the main Regulators and the FRC annual report together with issues identified on file reviews
• The future of audit in the UK

The content for online courses predating 2022 may vary.