Statutory Audit
- Regulators
-
- Association of Chartered Certified Accountants
- Institute of Chartered Accountants of Scotland
- Institute of Chartered Accountants in England and Wales
- Chartered Accountants Ireland
- Association of International Accountants
- Financial Reporting Council
- Nations
- United Kingdom
- Sectors
-
- Finance
Regulatory or professional bodies
Primary regulator
- Regulatory authority
- Financial Reporting Council
- Address
-
125 London Wall
London
EC2Y 5AS - Email address
- enquiries@frc.org.uk
- Website
- https://www.frc.org.uk
- Phone number
- +44 (0)20 7492 2300
Qualifying body
- Regulatory authority
- Association of Chartered Certified Accountants
- Address
-
ACCA
The Adelphi,
1-11 John Adam Street
London,
WC2N 6AU - Email address
- info@accaglobal.com
- Website
- https://www.accaglobal.com
- Phone number
- +44 (0)141 582 2000
Qualifying body
- Regulatory authority
- Institute of Chartered Accountants of Scotland
- Address
-
CA House
21 Haymarket Yards
Edinburgh
EH12 5BH - Email address
- connect@icas.com
- Website
- https://www.icas.com
- Phone number
- +44 (0)131 347 0100
Qualifying body
- Regulatory authority
- Institute of Chartered Accountants in England and Wales
- Address
-
Chartered Accountants’ Hall
Moorgate Place
London EC2R 6EA - Email address
- generalenquiries@icaew.com
- Website
- https://www.icaew.co.uk
- Phone number
- +44 (0)2079208100
Qualifying body
- Regulatory authority
- Chartered Accountants Ireland
- Address
-
The Linenhall
32-38 Linenhall Street, Belfast
Antrim, BT2 8BG - Email address
- ca@charteredaccountants.ie
- Phone number
- +44 (0)28 9043 5840
Qualifying body
- Regulatory authority
- Association of International Accountants
- Address
-
Staithes 3
The Watermark
Metro Riverside
Newcastle upon Tyne
NE11 9SN - Email address
- aia@aiaworldwide.com
- Website
- https://www.aiaworldwide.com
- Phone number
- +44 (0)191 493 0277
Regulation
Regulation summary
The FRC is the UK’s audit regulator and competent authority. It oversees statutory audit in the UK and issues audit and assurance standards and guidance.
It sets eligibility criteria for auditors and oversees delegated regulatory tasks carried out by recognised professional bodies.
Regulation type
Reserved activities
Statutory audit
Protected titles
Registered auditor, chartered accountant, chartered certified accountant
Qualifications and experience
New professionals
- Routes to qualification
-
To become eligible to register as a statutory auditor, an individual must be a member of and satisfy the registration requirements of a Recognised Supervisory Body which include holding an appropriate audit qualification.
Further information on the Recognised Supervisory Bodies can be found here.
- More about qualification
- http://www.frc.org.uk/auditors/professional-oversight/oversight-of-audit
Professionals from outside the UK
- Recognition for professionals outside the UK
- Some - qualifications from some countries may be recognised, but professionals from other countries will have to re-qualify
- Summary of routes
-
For further information on routes to recognition an individual should contact the Recognised Supervisory Bodies.
Registration
- Registration requirements
-
Further information on how to become a statutory auditor can be found here.
- More about registration
- http://www.gov.uk/become-a-registered-auditor
Legislation
- Title of relevant act or charter
-
Companies Act 2006
- Website link to legislation
- https://www.legislation.gov.uk/ukpga/2006/46/contents
- Title of relevant act or charter
-
The Statutory Auditors and Third Country Auditors Regulations 2016
- Website link to legislation
- https://www.legislation.gov.uk/uksi/2016/649/contents/made