This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

FRC compendium of Ethical and Auditing Standards 2018 now available

  • FRC Image

13 Mar 2018

The Financial Reporting Council (FRC) has announced that its compendium of ‘Ethical and Auditing Standards 2018’ is now available.

The compendium contains the FRC’s Ethical and Auditing Standards in issue at 1 January 2018.  Accordingly the compendium includes:

  • Ethical Standard;
  • International Standards on Auditing (UK); and
  • International Standard on Quality Control (UK) 1.

The compendium also includes the new and revised ISAs (UK) issued in 2016-2017:

Effective for audits of financial statements for periods commencing on or after 15 December 2017:

  • ISA (UK) 250 (Revised December 2017) Section A—Consideration of Laws and Regulations in an Audit of Financial Statements; and
  • ISA (UK) 330 (Revised June 2017) The Auditor’s Responses to Assessed Risks.

New (issued in October 2016)
Effective for audits of financial statements for periods commencing on or after 1 January 2017:

  • ISA (UK) 800 (Revised) Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks; and
  • ISA (UK) 805 (Revised) Special Considerations—Audits of Single Financial Statements and Specific Elements Accounts or Items of a Financial Statement.

Details of how to obtain the compendium are available on the FRC website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.