Audits Of Less Complex Entities | IFAC - IAASB

Skip to main content Audits of Less Complex Entities

The objective of the project is to develop a separate standard for audits of financial statements of Less Complex Entities (LCEs) to address issues and challenges related to complexity, understandability, scalability and proportionality for LCEs.

This project is also connected to the work being undertaken targeted at the complexity, understandability, scalability and proportionality (CUSP) of the ISAs more broadly. More information about the CUSP project is also available on the CUSP project page.

For more information on the ISA for LCE, please visit the ISA for LCE page.

Refer to the IAASB's "Latest on Our Projects" page for the latest status of the LCE project.

• Information Gathering
• Project Proposal
• Exposure Draft
• Completed

Content

Heading Board Papers

March 2017 (Agenda Item 7) September 2018 March 2019 December 2019 March 2020 (Papers) April 2020 (Recording) June 2020

Heading Board Minutes

March 2017 September 2018 March 2019 December 2019 March and April 2020 June 2020

Heading CAG Papers

March 2017 September 2017 September 2018 March 2019 March 2020 September 2020

Heading CAG Minutes

March 2017 September 2017 September 2018 March 2019 March 2020 September 2020

Heading Issued Document

Discussion Paper: Audits of Less Complex Entities Feedback Statement and Way Forward - Audits of Less Complex Entities

Heading Other Publications & Guidance

LCE Communique: Developing a Separate Standard for Audits of Less Complex Entit… Content

Heading Board Papers

December 2020

Heading Board Minutes

December 2020

Heading CAG Papers

December 2020

Heading CAG Minutes

December 2020

Heading Issued Document

Project Proposal

Heading Other Publications & Guidance

LCE Communique: Update on Efforts to Address Issues and Challenges Content

Heading Board Papers

March 2021 May 2021 June 2021

Heading Board Minutes

March 2021 May 2021 June 2021

Heading CAG Papers

March 2021 September 2021

Heading CAG Minutes

March 2021 September 2021

Heading Issued Document

EXPOSURE DRAFT, PROPOSED INTERNATIONAL STANDARD ON AUDITING OF FINANCIAL STATEM… MAPPING DOCUMENTS - ISAS TO PROPOSED ISA FOR LCE ISA for LCE Outreach Plan – Exposure Draft Period EXPOSURE DRAFT – PROPOSED PART 10, AUDITS OF GROUP FINANCIAL STATEMENTS Content

Heading Board Papers

June 2022 September 2022 December 2022 March 2023 June 2023 July 2023 September 2023

Heading Board Minutes

June 2022 September 2022 December 2022 March 2023 June 2023 July 2023 September 2023

Heading CAG Papers

September 2022 March 2023 September 2023 December 2023

Heading CAG Minutes

September 2022 March 2023 September 2023 December 2023

Heading SAC Papers

April 2024

Heading Issued Document

KEY TAKEAWAYS FROM IAASB’S THIRD CONFERENCE ON THE AUDITS OF FINANCIAL STATEMEN… Final Pronouncement Basis for Conclusion Factsheet