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Practice Notes

Practice Notes are intended to assist auditors in applying auditing standards of general application to particular circumstances and industries.

Practice Notes and Bulletins are persuasive rather than prescriptive. However, they are indicative of good practice, even though they may be developed without the full process of consultation and exposure used for standards.

Click on title to download:

 PN 10: The Audit of Public Sector Financial Statements is now issued by the Public Audit Forum, which has been designated by the FRC to issue a Statement of Recommended Practice
December 2016



 PN 11 (Revised) The Audit of Charities in the United Kingdom
March 2012



 PN 12 (Revised) Money laundering - Guidance for auditors on UK legislation
September 2010



 PN 14 The audit of housing associations in the United Kingdom
January 2014



 PN 15 (Revised) The Audit of Occupational Pension Schemes in the United Kingdom (Revised)
January 2011



 PN 16 (Revised) Bank Reports for Audit Purposes in the United Kingdom
February 2011
PN16 templates in Word format 



 PN 19 (Revised) The Audit of Banks and Building Societies in the United Kingdom
March 2011 



 PN 20 (Revised): The audit of Insurers in the United Kingdom 
January 2017



 PN 21 The audit of investment businesses in the United Kingdom (Revised)
December 2007
Paragraphs 180 to 263, Appendix 1.1 and Appendix 2 of PN 21 are superseded by  Bulletin 2011/2 



 PN 22 The Auditors' Consideration of FRS 17 'Retirement Benefits' - Defined Benefit Schemes
April 2002



 PN 23 Special Considerations in Auditing Financial Instruments
July 2013



 PN 25 (Revised) Attendance at Stocktaking
February 2011



 PN 26 (Revised) Guidance on Smaller Entity Audit Documentation
December 2009



 PN 27 (Revised) The Audit of Credit Unions in the United Kingdom 
May 2011



Hard copies can be ordered from www.frcpublications.com

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