Complexity Understandability Scalability Proportionality (CUSP)

What the Project Aims to Achieve

The objective of this workstream is to develop drafting principles and guidelines to address complexity, understandability, scalability and proportionality (CUSP) in developing International Standards on Auditing (ISAs).

Current Status of the Project

The Drafting Principles and Guidelines will be discussed by the IAASB at the April 2022 meeting and finalized.  However, the IAASB intends to maintain the Drafting Principles and Guidelines on an ongoing basis.

Working Group Information

IAASB Staff Contacts

Working Group Members

Project Stages

Information Gathering
Board Papers

December 2019 March 2020 (Papers) April 2020 (Recording) June 2020 April 2021 October 2021

Board Minutes

December 2019 March and April 2020 April 2021 October 2021

Issued Document

LCE Communique: Addressing Complexity, Understandability, Scalability, and Proportionality Discussion Paper, Audits of Less Complex Entities

 

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