• Register
Return to: Home > News > ICAEW consults on proposed updates to Tech 01/06 AAF

ICAEW consults on proposed updates to Tech 01/06 AAF

ICAEW is seeking comments on proposed updates to its guidance on assurance reports on internal controls of service organisations made available to third parties (Technical Release 01/06 AAF) in a public consultation that runs to 30 September 2019.

One of the primary objectives of the proposed amendments, developed with the help of a working party set up by ICAEW’s audit and assurance faculty (AAF), is to ensure that the guidance can be used by a broader range of accountancy firms. With this in mind, the proposed changes include further guidance for service auditors, as well as more practical examples on control objectives and reporting.

ICAEW head of financial reporting, audit and assurance Dr Nigel Sleigh-Johnson said: “Tech 01/06 is internationally-recognised and underpins the work of firms of accountants in this area. The proposed changes to the existing guidance are important and should improve its accessibility.”

Top Content

    Choosing the right location can have cast-iron benefits

    As Game of Thrones, one of the biggest television shows of all time, comes to an end, Joe Pickard looks at how tax incentives offered to television and film production companies help the wider economy.

    read more

    Primary financial statements: a game changer in reporting?

    International Accounting Standards Board chair Hans Hoogervorst delivered a speech at the Seminario International sobre NIIF y NIF, organised by the Consejo Mexicano de Normas de Información Financiera in Mexico. The Accountant presents the highlights.

    read more

    FASB readies standards for the netflix generation

    The US Financial Accounting Standards Board (FASB) has updated its accounting standard for entertainment, with a specific eye on keeping up to date with how episodic content, such as television programmes, is consumed in the modern world. Jonathan Minter reports.

    read more

    Brexit: why it takes two to tango

    Former TA editor Vincent Huck, now editor of Insurance Asset Risk, looks at why Brexit might unleash geopolitical intrigue in Europe’s accounting standard-setting scene – and why IFRS 17 will be an incredible source of opportunity for firms in the coming years.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.