New IFAC guidance on audits of SMEs

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01 Nov 2003

The International Auditing and Assurance Standards Board of the International Federation of Accountants has released new guidance to assist auditors in applying International Standards on Auditing to small entities.

The new guidance is included in an updated version of International Auditing Practice Statement 1005 (PDF 79k), The Special Considerations in the Audit of Small Entities.

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