APB Publishes Compendium of Standards and Guidance 2012

News types: Guidance

Published: 16 February 2012

APB PN 157

The Auditing Practices Board (APB) of the Financial Reporting Council (FRC) has published its compendium of “Standards and Guidance 2012”.

This may be obtained (price £58.00, post free) from:
FRC Publications,
145 London Road,
Kingston upon Thames,
Surrey KT2 6SR.

Telephone: 020 8247 1264.
Website: www.frcpublications.com.

The compendium includes the amendments to the Ethical Standards for Auditors that were issued in December 2011 and the revised Standard for Investment Reporting (SIR) 2000, Investment Reporting Standards Applicable to Public Reporting Engagements on Historical Financial Information, issued in March 2011.

In addition, the references in the International Standards on Auditing (ISAs) (UK and Ireland) to the International Federation of Accountants’ Code of Ethics for Professional Accountants (the IFAC Code) have been amended to recognise that that Code is now known as the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (the IESBA Code). Corresponding changes have been made to the individual standards on the APB’s website.

Notes to Editors

  1. The FRC is the UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment.

  2. The APB is committed to leading the development of auditing practice in the United Kingdom and the Republic of Ireland so as to:

    • establish high standards of auditing;

    • meet the developing needs of users of financial information; and

    • ensure public confidence in auditing.

  3. The compendium includes the APB’s standards in issue at 1 January 2012, including:

  4. International Standards on Auditing (ISAs) (UK and Ireland);

  5. International Standard on Review Engagements (ISRE) (UK and Ireland) 2410;

  6. Standards for Investment Reporting (SIRs);

  7. Ethical Standards for Auditors;

  8. Ethical Standard for Reporting Accountants.

  9. It also includes selected Practice Notes and Bulletins likely to be of broad current interest.

  10. Individual copies of all the APB’s pronouncements may continue to be downloaded free of charge from the Publications section of the FRC website.

Document created under a previous body

Explore the topics