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Audits of less complex entities

  • IAASB - Assurance Image

Apr 29, 2019

On April 29, 2019, the International Auditing and Assurance Standards Board (IAASB) published a Discussion Paper, "Audits of Less Complex Entities: Exploring Possible Options to Address the Challenges in Applying the International Standards on Auditing (ISAs)". Comments are requested by September 12, 2019.

The IAASB 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.

Review the press release and Discussion Paper on the IAASB's website.

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