IAASB’s Audits of less complex entities: Feedback statement and way forward

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Dec 17, 2019

On December 17, 2019, the International Auditing and Assurance Standards Board (IAASB) released a Feedback Statement sharing what the Board has heard regarding audits of less complex entities in response of its recent Discussion Paper "Audits of Less Complex Entities (LCEs): Exploring Possible Options to Address the Challenges in Applying the ISAs".

The Discussion Paper, and related outreach activities, solicited perspectives of different stakeholder groups on the issues and challenges surrounding the audits of LCEs. Further information gathering activities will continue until June 2020, when the Board will decide the way forward.

Review the press release and Feedback Statement on the IAASB's website.

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