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Are the auditing standards becoming too complex for small entities? AUASB Survey

Audit practitioners globally are raising concerns about the growing level of complexity of the auditing standards and the difficulties in applying them to audits of small entities. The AUASB has released a short survey on Audits of Less Complex Entities (LCE) to obtain Australian Stakeholder’s feedback on this important topic.

Responses to the survey will help the AUASB better understand the issues and challenges associated with auditing LCEs, so that the views of our Australian stakeholders can be effectively represented in the early stages of this IAASB Project.

To find out more, please click here