26 Mar 2012

Updated guidance for reporting accountants

The ICAEW Corporate Finance Faculty is revising ICAEW’s 1995 guidance for reporting accountants involved in company listings in the light of changes in regulation and market practices

A working group has developed an exposure draft of new guidance based on consultation it carried out in June 2010. The new guidance complies with the international framework for assurance engagements.

It addresses the regulatory obligation of directors of a company seeking to float to keep themselves informed about the company’s financial position and prospects and contains material on procedures to assist them to do so.

It highlights the importance of the risk assessment they should perform under the rules.


The exposure draft, Guidance on Financial Position and Prospect Procedures, can be downloaded from