Life is tough on the front line of accountancy. For more than five years, our intrepid correspondent has been bringing us news and views from a typical West Country practice.
Fancy a good read?
Then how about a clarified ISA?
Not tempted? No, I thought not. Which is the reaction I expect from my team.
The question was prompted by Adrian Gibbons' article in the ICAEW Audit Faculty's latest magazine. He's suggests audit firms set up an ISA book club - you choose one of the new clarified ISAs, everyone take a copy home and reads it and then you meet up a week later to discuss it. Like you would with a novel at a conventional book club. You could even make an evening of it with food and drinks (I added that bit myself)!
Joking aside, it's not a bad idea to make sure everyone is up to speed on the latest auditing standards. Some have changed, or have a new emphasis, and you can be sure audit quality reviews will be looking for deficiencies in those areas. But even so, it doesn't sound like a lot of fun!
Having an innate fear of rejection I am reluctant to suggest this to our audit team but I'd be interested to know if anyone else manages to do this successfully - by which I mean on more than one occasion, and without resorting to coercion!