BANK AUDIT CONFIRMATIONS – A PERFECT STORM!!

On audit update courses that Insight Training have run during the Autumn, there has been much discussion about bank confirmations. The withdrawal of the FRC’s Practice Note 16 will lead to more flexibility of audit approach in this area. But the Patisserie Valerie case, where £20M of borrowings materialised that no-one was aware of, will

2018-12-12T11:02:10+00:00November 28th, 2018|

A Question of Ethics

It’s been a tough period for the audit profession, with a number of the bigger firms hitting the headlines for all the wrong reasons. A recurring theme in a number of the cases has been independence and objectivity, and compliance with the Financial Reporting Council’s (FRC) Ethical Standard (ES). Here are seven key themes, all

2018-11-07T14:21:15+00:00November 7th, 2018|

THE THORNY ISSUE OF FRS 102 AND CHARITABLE GROUPS

Although FRS 102’s triennial review has been generally well received, one issue covered, that has been quite vexatious to some, has been that of payments made by subsidiaries to their charitable parents that qualify for gift aid. Here is a summary of the issue and some of the questions that we, at Insight Training, have

2018-09-27T08:31:47+00:00September 27th, 2018|

Technical Consultancy

We offer technical consultancy to firms requiring one-off or on-going assistance with specific technical areas of accounting and auditing. We have a team of consultants who specialise in a range of areas. We provide a written response but are happy to discuss responses by telephone. We always

2018-09-24T14:48:10+00:00September 24th, 2018|

Quality Control Reviews

Our file review work is run through our separate ICAEW-registered accounting practice, Insight Compliance Services Limited, established in 2008. Our team of experienced reviewers bring to your attention areas of weakness which may cause concern to your regulatory body.

2018-09-24T14:44:16+00:00September 24th, 2018|

Hot File Reviews

Firms require hot file reviews for various reasons. Whether it’s for ethical safeguards or required by your regulatory body, Insight Training can provide a practical, reliable hot file review service. Reviews can be conducted on site or remotely but we always seek to provide an efficient service tailored to your requirements.

2018-09-24T14:36:16+00:00September 24th, 2018|

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