LCE audit reform plans take a step forward
LCE audit reform plans take a step forward 18 December 2020: Plans for a simplified auditing standard for less complex entities moved a step closer this week after the International Auditing and Assurance Standards Board unanimously approved the project proposal and committed to publishing an Exposure Draft of the new standard in June next year. The project proposal for a separate auditing standard for less complex entities (LCEs) was officially ratified at standards body the International Auditing and Assurance Standards Board’s (IAASB) December 2020 meeting, mo...
Source: icaew.com