Financial Reporting, Auditing and Ethics Alert

The Institute's Standards and Regulation division is launching a series of alerts drawing members attention to topical financial, reporting, auditing and ethics issues that should be given particular attention. In view of the current global financial crisis the first issue of the alerts will deal with the potential implications for our members involved in preparing and auditing financial statements. The focus of the alerts will change over time as circumstances change. The Institute believes that it is an important element of both its regulatory and member support functions that this channel of communication is established.