IFAC: Audits of less complex entities

29 April 2019

The IAASB published a discussion paper that seeks to further understand the challenges of using ISAs in audits of less complex entities—and views about possible actions to address these challenges.

The IAASB recognizes the global call for action to address issues of complexity, length, understandability, scalability, and proportionality related to using the ISAs. Continuing the debate on these strategic issues, the Discussion Paper explores how the IAASB, and others, could further support auditors working in increasingly evolving environments.

The consultation will remain open until September 12, 2019.

Full press release

Full disscusion paper


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