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FRC compendium of Audit and Assurance Standards and Guidance 2014 now available

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02 Apr 2014

The Financial Reporting Council (FRC) has announced that their compendium of ‘Audit and Assurance Standards and Guidance 2014’ is now available.

The compendium contains the FRC’s audit and assurance standards in issue at 1 February 2014.  Accordingly the compendium includes:

  • International Standards on Auditing (ISAs) (UK and Ireland) (including ISA 315Identifying and assessing the risks of material misstatement through understanding the entity and its environment’, ISA 610 Using the work of internal auditors’, and ISA 700 The independent auditor’s report on financial statements’ that were issued in 2013);
  • International Standard on Quality Control (ISQC) (UK and Ireland) 1;
  • International Standard on Review Engagements (ISRE) (UK and Ireland) 2410;
  • Standards for Investment Reporting (SIRs);
  • Ethical Standards for Auditors;
  • Ethical Standard for Reporting Accountants.

Selected Practice Notes and Bulletins are also included including Practice Note 23 Special considerations in auditing financial instruments’ issued in July 2013. 

The compendium is priced at £60 and is available on the FRC’s website.

The press release can be accessed from the FRC website. 

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