FRC invitation to attend webinar on first of its kind professional judgement guidance
News types: Codes and Standards Announcements, Guidance, Policies and Responsibilities, Publications, Statements
Published: 13 July 2022
The Financial Reporting Council (FRC) invites you to attend its upcoming webinar on new, first of its kind professional judgement guidance for auditors.
When: Tuesday 26 July, 3pm-4pm
Note: A Teams Live link will be sent to registered attendees in advance
The webinar will include a presentation on the new guidance from experts in the FRC’s Audit and Assurance team followed by a Q&A.
Professional judgement is key to high quality audit, however the FRC regularly identifies poor professional judgement as one of the most significant issues affecting audit quality. If applied widely, the guidance will improve audit quality by enhancing the consistency and quality of professional judgement exercised by auditors.
The webinar will be of particular interest for auditors and central technical teams, but will also have wider interest for those interested in audit quality, such as audit committee members and investors.
The full report is available here .
The framework and illustrative examples are available as two standalone documents here and here respectively.
A link to the expectations paper is available here .