IFAC will develop guidance for audits of SMEs

  • IFAC (International Federation of Accountants) (lt gray) Image

07 Jun 2006

At its meeting in Beijing last week, the Board of the International Federation of Accountants approved a project to develop guidance materials on applying International Standards on Auditing (ISAs) for use in engagements to audit the financial statements of small and medium-sized entities.

The guidance will be based on ISAs effective as of 31 December 2006 and is scheduled for publication in early 2007. The IFAC Board also named Kuala Lumpur as the site of the 2010 World Congress of Accountants. Click for IFAC Press Release (PDF 84k).

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