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ICAEW publishes guidance for assurance work on banking regulatory ratios

  • IFRS - ICAEW Image

May 23, 2017

In May 2017, the Institute of Chartered Accountants in England and Wales (ICAEW) published guidance aimed to “promote consistency in the practices adopted for assurance work on banking regulatory ratios, including capital, liquidity and leverage ratios”. The guidance may also be of use to those commissioning relevant assurance work such as audit committees, executive management, banking regulators and other stakeholders.

The guidance, which has been developed for international use, proposes a modular framework.  It does not create a requirement for assurance.  Instead it proposes a framework that firms might choose to adopt when undertaking assurance work over banking regulatory ratios. 

The guidance can assist with:

  • scoping assurance work;
  • identifying areas of potential complexity which should be taken into account;
  • considering materiality levels;
  • planning and performing the work; and
  • reporting upon the work performed. 

Review the guidance on the ICAEW's website.

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