Course Details

In May 2022, the FRC published its annual Audit Quality Review, looking at the audit files of 30 entities audited by the largest 7 audit firms in the UK. 

This video analyses the key areas of focus for the Regulator, and the areas where audit files were found to be in need of improvement. Claire and Lindsay examine the most common of these, and look at what these findings might mean for the audit of SMEs in 2022.

In this session Claire Thomson has covered the following:

  • Summary of the FRC’s findings from 2019/2020 audits reviewed
  • Key areas where improvements are required
  • What this means for the audits of SME entities going forward

 

By purchasing this video, auditors will have a clearer understanding of the key areas for improvement on audit files, and the areas that will be of focus for the FRC in the forthcoming year. 

CPD Course Speaker

Grant Thornton

Claire Thomson - Director

Claire is a qualified Chartered Accountant with the Institute of Chartered Accountants of Scotland and trained with Grant Thornton Ireland. She spent 5.5 years in corporate audit, before moving to the firm’s risk & compliance team, where she spent 6 years supporting the all-Ireland practice as their UK financial reporting subject matter expert.
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she is now with Grant Thornton, based in Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK advice and support to local and international offices