A real quick update this time. Following today’s announcement by the FRC that Practice Note 21 on the Audit of Investment Businesses in the UK is to be withdrawn, we will be revising our training course slides accordingly in the interim and again once revisions to Practice Note 19 are finalised. Although technically only directly compliant to the audit of UK investment business this formed part of established best practice in Guernsey also but had become quite dated.
If you’d like further information on the training services we provide to audit firms on the audit of investment business in Guernsey please use the contact page.
For further information on the withdrawn standard please see https://frc.org.uk/news/november-2017/practice-note-21-withdrawn
