Audit & Assurance Sandbox
Published: 24 September 2023
1 minute read
The Audit & Assurance sandbox is a collaborative and innovative approach to identifying and developing solutions to technical and policy issues in the audit and assurance space.
Terms of Reference
|Audit & Assurance Sandbox Terms of Reference (December 2022)
|8 December 2022
|PDF, 104.3 KB
Participation is by invitation, but applications to be considered can be submitted to the sandbox mailbox at [email protected].
Materiality in Local Government Audit
This initiative seeks to explore materiality judgements that auditors make for the audits of local government financial statements, and the potential application of specific materiality thresholds for balances included in Comprehensive Income and Expenditure Statements.
Ongoing and completed initiatives
Objective, Reasonable and Informed Third Party Test
This initiative seeks to identify better practice among current approaches and innovative ideas for how the test might be carried out or supported.
Models for delivering large FTSE350 audits with firms from different networks
This initiative seeks to explore models for the involvement of non-group-auditor firms in the tendering and delivery of FTSE350 audits in line with Government policy and goals and in compliance with UK auditing standards.
Please get in contact if you are interested in learning about the results of these initiatives (but note that confidentiality agreements may limit the information that we can communicate).
Please email [email protected] with any queries or comments.