Staff Guidance Notes

Published: 24 September 2023

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The FRC has prepared Staff Guidance Notes for the convenience of users of the FRC’s Ethical Standard and ISAs (UK).

These are intended to support practitioners when they make judgments on the application of standards. In addition to the Guidance Notes, a table providing a rolling record of issues raised with the FRC is also included which either sets out a response for each issued raised, or sets out the work that is currently in hand to allow the FRC to respond in due course.

These materials have been prepared following discussion of the issues at the FRC’s Audit Technical Advisory Group, which comprises representatives from audit firms and professional bodies, investors and audit committee chairs.

Staff Guidance Notes list

Name Guidance: Eligibility for appointment as Statutory Auditor (March 2023)
Publication date 17 March 2023
Format PDF, 1.4 MB
Name Auditor responsibilities under ISA (UK) 720 in respect of climate-related reporting by companies required by the Financial Conduct Authority
Publication date 14 February 2022
Type Bulletin
Format PDF, 175.8 KB
Name 08/2021 – Addressing Exceptions In The Use of Data Analytics
Publication date 24 August 2021
Format PDF, 2.0 MB
Name SGN 01/2018 – The Auditor’s Provision of Restructuring Services to Public interest Entity Participants in Bank Lending or Bond Funded Syndicates
Publication date 21 March 2018
Type Report
Format PDF, 238.5 KB
Name SGN 02/2018 - Group Guidance
Publication date 9 November 2018
Type Guidance
Format PDF, 218.5 KB
Name SGN 01/2017 Services Linked to Financing, Capital Structure and Allocation and Investment Strategy of the Audited Entity
Publication date 25 April 2017
Type Guidance
Format PDF, 148.5 KB
Name SGN 02/2017: Explaining to what extent the audit was considered capable of detecting irregularities
Publication date 20 February 2017
Type Guidance
Format PDF, 112.2 KB
Name SGN 03/2017: Materiality and Other Information
Publication date 4 December 2017
Type Guidance
Format PDF, 121.6 KB
Name SGN 01/2016: Provision of non-audit services to non-EU subsidiaries
Publication date 9 September 2016
Type Guidance
Format PDF, 78.1 KB
Name SGN 02/2016: Playing any part in management or decision making
Publication date 26 September 2016
Type Guidance
Format PDF, 79.7 KB
Name SGN 03/2016: Period of engagement
Publication date 16 November 2016
Type Guidance
Format PDF, 176.0 KB
Name SGN 04/2016: Power of attorney
Publication date 18 January 2017
Format PDF, 97.5 KB
Name SGN 05/2016: Prohibited tax services
Publication date 18 June 2016
Type Guidance
Format PDF, 126.2 KB