IAASB & IFAC release less complex entities consultation survey

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Nov 15, 2021

On November 15, 2021, the International Auditing and Assurance Standards Board (IAASB) released a survey on the public consultation it opened in July on its landmark new proposed standard for audits of financial statements of less complex entities (LCEs). The survey is open until January 14, 2022.

While the IAASB encourages all interested stakeholders to respond to the consultation in writing, it recognizes that some may not have the time or resources to do so. To help, the International Federation of Accountants and the IAASB developed a survey to offer an alternative way to participate in the consultation and provide your views.

Review the press release on the IAASB's website.

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