Event Flyer This webinar will provide an overview of the International Audit & Assurance Board’s (IAASB) Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE). There has been growing concern about the length, scalability, and understandability of the International Standards on Auditing (ISAs)¬, and their application to audits of Less Complex Entities (LCEs), including whether they can be applied in a cost-effective manner to all audits. In response to these concerns, the IAASB has developed a draft stand-alone standard intended to provide reasonable assurance in an audit of the financial statements of an LCE. The IAASB considers the new stand-alone standard: • is designed specifically for audits of a less complex entities • is based on the underlying concepts from International Standards on Auditing • was developed to be understandable, clear and concise • reduces the risk of jurisdictional divergence by driving consistency and comparability globally • will achieve a quality audit engagement Registration starts from 9:00 a.m., Monday, 25 October 2021 for online registration only. (Enrolment deadline: 15 November 2021) (Separate email will be sent to you for the URL and login password of the webinar nearer the event date. You can access the webinar by tablet, smart phone or PC.)
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