IAASB Communique: Audits of Less Complex Entities
Developing a Separate Standard for an Audit of a Less Complex Entity
IAASB
Dec 15, 2020 | Surveys & Reports
English
Focusing on the effective and consistent application of our standards, the IAASB is addressing issues and challenges related to complexity, understandability, scalability and proportionality. This communique details development plans for a separate standard for audits of less complex entities.
For additional information on the IAASB’s efforts to balance the needs of all its stakeholders by addressing complexity, understandability, scalability and proportionality in the International Standards on Auditing, please see its November 2020 communique.
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Related Resources
- 2018 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- IAASB Auditor Reporting PIR Survey Part E - National Standard Setters and Professional Accountancy Organizations
- IAASB Auditor Reporting Post Implementation Review Survey Part F - Practitioners, Auditors and Audit Firms
- IAASB Communique: Audits of Less Complex Entities
- Key Takeaways from IAASB’s Roundtable Series on Fraud and Going Concern
