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 (http://www2.deloitte.com/ca/en/legal/cookies.html) 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.

In-Brief – Feedback from outreach session: barriers to effective and efficient audits of less complex entities

  • AASB Image

Apr 26, 2019

On April 26, 2019, the Auditing and Assurance Standards Board (AASB) released an overview of the joint efforts of the AASB and CPA Canada to identify and address the challenges that practitioners face when auditing less complex entities.

On November 30, 2018, the AASB and Chartered Professional Accountants Canada (CPA Canada) staff jointly hosted an outreach session that brought together some 30 practitioners to discuss the barriers to effective and efficient audits of less complex entities (LCEs).

The AASB and CPA Canada are considering the feedback received in working together to understand how the challenges that practitioners face when auditing LCEs can be overcome through standards activities, development of implementation guidance, and/or technology initiatives.

Review the In Brief on the AASB'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.