This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Are auditing standards meeting the needs of auditors of SMEs?

  • CPA Canada Image

Mar 02, 2017

On March 2, 2017, CPA Canada released a blog by Eric Turner where he discusses that with audit quality high on the agenda for the profession, standard-setters are now paying close attention to improvements required to the existing one-size-fits-all standards approach for SME audits.

While global standard-setters work to strengthen standards in response to concerns about audit quality, commonly raised questions are: Will standards remain fit for purpose for audits of small and medium-sized entities (SMEs)? Many auditors find auditing standards are difficult to apply to the audits of SMEs. Is relief in sight?

Review the blog on the CPA Canada's website.

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.