Audits of Less Complex Entities – AASB

Date recorded:

At its meeting on November 28-29, 2022, the AASB discussed issues related to this project. Key issues included: the proposed revisions to Part 6 of the draft ISA for LCE dealing with risk identification and assessment; the proposed Part 10 of ISA for LCE and proposed revisions to the Authority of ISA for LCE dealing with group audits; how the AASB will respond to the IAASB’s exposure draft of Part 10; and the possible activities the Board may undertake in its 2023-2024 Annual Plan as it works towards a solution for LCEs. The AASB will continue to discuss future activities as it develops its 2023-2024 Annual Plan.

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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.