New Ethical Standards for Auditors

How will they affect your firm and your relationship with your clients? These Roadshows will explore why the new Standards do not necessarily mean the end of the all-round service provided by auditors as we’ve known it. The Roadshow will visit 18 venues across the UK during May, June and July.

This series of countrywide roadshows is planned by the Institute’s Audit and Assurance Faculty, for May, June and July, to look at the new Ethical Standards for auditors and how they will affect firms and their clients.

For audits of financial statements for periods commencing on or after 15 December 2004, auditors will have to comply with the APB’s new Ethical Standards on independence. This applies to all audits giving a true and fair opinion, whether for listed companies, charities or small and medium-sized entities. The Standards place restrictions on some types of activities that are currently permitted to be carried out by practitioners for their clients.

The roadshows will explore why the new Standards do not necessarily mean the end of the all-round service provided by auditors as we’ve known it.

They will also help to clarify the situation and provide practical help for practitioners on the specific issues they are likely to face. The content will be based on the Institute’s understanding of how the Standards should be interpreted in practice using relevant illustrative examples.

Attendees will have the opportunity to discuss their issues and possible ways forward.

See link for locations, dates and registration and other details.