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Tender Details
- Country: United Kingdom
- Summary: Extended Auditor Reporting Research
- GBT Ref No: 55519401
- Deadline: 23 Aug 2021
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: -
- Tender Value: 35000
- Notice Type: Tender
- Document Ref. No.: FRC2021-0108
- Purchaser's Detail :
- Description :
- Title : Extended Auditor Reporting Research
Location Of Contract : EC2Y 5AS
Industry : Research and development services and related consultancy services - 73000000
Value Of Contract : £31,000 to £35,000
Description : The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit and high-quality risk management. As the Competent Authority for audit in the UK, the FRC sets auditing and ethical standards and monitors and enforces audit quality.Auditor reports form a key element in the financial reporting ecosystem as they represent the only conduit of information about an audit for those who are external to the audit process. Extended auditor reports were introduced by the FRC for the audit of Public Interest Entities (PIEs) from 2013. Following this, the FRC published two reports in 2015 and 2016 reviewing the experience of this innovation.Requirements around auditor reporting have subsequently changed as a consequence of further revisions to ISA (UK) 700 in 2019, the introduction of ISA (UK) 701 in 2016, and subsequent further changes to both standards in 2019. These changes require auditors to include meaningful disclosures on their approach to, and observations arising from, key matters impacting the audit... - Documents :
Purchaser : THE FINANCIAL REPORTING COUNCIL LIMITED
8th Floor, 125 London Wall LONDON EC2Y5AS England
Contact Person : Head of Procurement
Email :procurement@frc.org.uk
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