APB Issues Supplementary Guidance for Auditors of Banks and Building Societies

The Auditing Practices Board (APB) has today published Bulletin 2005/6 entitled - ‘Audit Risk and Fraud - Supplementary Guidance for Auditors of Banks and Building Societies’.

In December 2004 a series of International Standards on Auditing (ISAs) (UK and Ireland) were issued by the APB to replace Statements of Auditing Standards (SASs). The ISAs (UK and Ireland) are effective for audits of accounting periods commencing on or after 15 December 2004.

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