Private Company - purpose and scope
The Private Company area of Navigate Audit, also known as the Private Company Audit System (PCAS) enables you to efficiently conduct an audit that is compliant with the International Standards on Auditing (UK) as revised in June 2016 and later.
This area contains work programmes suitable for small, medium and large companies, and LLPs, and includes sections and guidance for dealing with group audits. There are interactive flowcharts to assist with determining company size and status, comprehensive guidance notes linked from the programme steps, tips on best practice and a model file with helpful videos.
PCAS does not specifically address the more complex requirements of listed or public interest entities. It should not be used for specialist entities; guidance and work programmes on these is available elsewhere in Navigate Audit (see Charities, Pension scheme, Club and Academy sections).