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Audits of Less Complex Entities - AASB

Date recorded:

At its meeting on November 30/December 1, 2020, the AASB provided input to the IAASB members from Canada on the IAASB Working Group’s project proposal to develop a separate standard for audits of less complex entities; and specific considerations related to developing a separate standard. Key issues discussed included: (i) the public interest issues and project objectives related to developing a separate standard; (ii) how to apply a separate standard; and (iii) the circumstances that the separate standard should (and should not) cover.

Review the Executive Summary on the AASB's Web site.

Correction list for hyphenation

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