Finexcell

Technical Audit Consultancy for UK Practices

Expert Guidance on ISAs, ISREs & ISAEs for UK Audits
Resolve Complex Audit Issues with UK-Specific Technical Support

Navigate the complexities of UK audit standards with our specialist technical consultancy. We provide authoritative guidance on ISAs, ISREs and ISAEs tailored to the UK regulatory environment, helping you maintain audit quality and compliance.

The Challenge of UK Audit Compliance

UK audit practices face unique challenges in applying international standards: 

  • Regulatory Complexity: FRC requirements and UK-specific adaptations
  • Increasing Scrutiny: Enhanced focus on audit quality from regulators
  • Evolving Standards: Keeping pace with ISA updates and UK implementations
  • Practical Application: Translating standards into effective audit methodologies

Our consultancy provides the UK-specific expertise you need to address these challenges confidently.

Why Choose Our UK Audit Consultancy?

UK-Specific Expertise

  • Deep understanding of FRC requirements and expectations
  • Experience with UK regulatory bodies and reporting frameworks
  • Knowledge of UK audit market specificities and best practices

Practical Implementation Focus

  • Solutions designed for real-world application in UK practices
  • Proportional guidance for firms of all sizes
  • Focus on achievable improvements with measurable impact

Proven Track Record

  • Successful support for firms through FRC quality reviews
  • Effective remediation of audit quality issues
  • Enhanced compliance and reduced regulatory risk
Our Technical Audit Consultancy Services

01

ISA Implementation Support

  • UK-specific ISA Guidance: Interpretation and application in the UK context
  • Methodology Development: Enhancing your firm’s audit methodology and templates
  • Quality Control Reviews: Independent assessment of audit files against ISAs
  • Technical Query Resolution: On-demand answers to complex audit issues

02

ISRE & ISAE Advisory Services

  • Review Engagements (ISRE 2400): Guidance on limited assurance engagements
  • Assurance Engagements (ISAE 3000): Support for non-audit assurance work
  • Procedural Development: Designing appropriate methodologies for review engagements
  • Reporting Guidance: Ensuring compliant assurance reports for UK entities

03

Regulatory Compliance

  • FRC Compliance: Adherence to UK-specific regulatory requirements
  • Ethical Standards: Implementation of FRC Ethical Standard provisions
  • Documentation Standards: Meeting UK documentation requirements
  • Quality Monitoring: Preparing for internal and external quality reviews
Our Consultancy Approach
  1. Initial Assessment
  • Understanding your firm’s specific challenges and regulatory context
  • Review of existing methodologies and quality control systems
  • Identification of key risk areas and improvement opportunities
  1. Tailored Solutions
  • Practical, proportionate recommendations for your practice size
  • Customised templates and methodology enhancements
  • Staff training and implementation support
  1. Ongoing Support
  • Technical helpline for urgent queries
  • Regular updates on UK regulatory changes
  • Follow-up reviews to ensure effective implementation
Consultancy Delivery Options

01

Project-Based Support

  • Specific issue resolution and methodology enhancements
  • Quality review preparation and remediation projects
  • Standard-specific implementation projects

02

Retainer Arrangements

  • Ongoing technical support and guidance
  • Regular methodology updates and maintenance
  • Continuous quality improvement programmes

03

Emergency Support

  • Rapid response for urgent technical issues
  • Crisis management for regulatory challenges
  • Immediate quality concerns addressing
What Makes Our Bespoke Training Different

Relevance Through Customization:

  • Real examples from your sectors and client types
  • Direct alignment with your quality review priorities
  • Integration with your firm’s methodology and approach

Practical Skill Development:

  • Focus on application rather than just theory
  • Exercises that mirror actual audit engagements
  • Tools and templates your team can immediately use

Expert-Led Delivery:

  • Training by an IFRS specialist with audit experience
  • Insights into how standards are applied in practice
  • Understanding of common implementation challenges
Training Formats Available

Comprehensive Programs:

  • Multi-session deep dives into complex standards
  • Progressive learning paths from basic to advanced
  • Combined technical and audit methodology training

Targeted Workshops:

  • Focused sessions on specific standards or topics
  • Update training on new amendments and interpretations
  • Remedial training addressing quality review findings

Ongoing Support:

  • Follow-up Q&A sessions after training
  • Technical helpline for post-training queries
  • Regular update sessions as standards evolve
Our Bespoke IFRS Training Process
Our Consultancy Process:
Frequently Asked Question

We provide guidance on the full suite of International Standards on Auditing (ISAs) as adopted in the UK, including ISREs (International Standards on Review Engagements) and ISAEs (International Standards on Assurance Engagements).

Absolutely. Our live virtual workshops are designed to engage remYes, this is a core service. We can conduct a pre-emptive internal review of your audit files against FRC expectations, help you develop an action plan to address any gaps, and provide support and training to ensure your team is fully prepared. ote and
global teams effectively.

Absolutely. A significant part of our work is with SMPs. We focus on the proportional application of standards, ensuring your methodologies and procedures are robust and compliant yet practical and efficient for the size and complexity of your client base.

We select a sample of your audit files (often focusing on higher-risk engagements) and perform an independent review against relevant ISAs and your own methodology. We provide a detailed report highlighting strengths, areas for improvement, and practical recommendations to enhance audit quality.

Yes. We can assist with developing, enhancing, or fully updating your firm’s audit methodology and related templates to ensure they are compliant with the latest standards and efficient for your teams to use.

Yes, we offer urgent support for live audit issues. We can provide rapid, practical guidance to help your team navigate the problem, ensuring the audit remains on track and compliant.

Our consultancy is delivered by a professional with extensive hands-on audit experience in practices similar to yours. Our recommendations are always grounded in what is workable and proportionate in a real-world audit environment, focusing on achieving audit quality without unnecessary bureaucracy.

Often, yes. Many consultancy projects naturally lead to identifying knowledge gaps. We can design and deliver bespoke training sessions for your team to address these specific needs, ensuring the improvements from the consultancy are embedded within your practice. Please have a look at our page for Bespoke ISA training for firms

Client Success Stories

Online Training

Ready to enhance your audit technical capability?
Contact us today to discuss your specific requirements.
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