A Single Set of Auditing Standards: Audits of Small- and Medium-Sized Entities
Revised Policy Position Paper #2

This paper discusses the public interest considerations relevant to the application of International Standards om Auditing (ISAs), set by the International Auditing and Assurance Standards Board (IAASB), for audits of small- and medium-sized entities (SMEs). It highlights how IFAC and the IAASB take into account the needs and views of SMEs and small- and medium-sized accountancy practices (SMPs), as well as describing initiatives undertaken so that ISAs can be used cost-effectively for the financial statement audits of entities of all sizes. Implications for IFAC members and associates are also discussed.

A Single Set of Auditing Standards: Audits of Small- and Medium-Sized Entities (PDF | 201K)
Policy Position Paper #2
Date: Mar 07, 2012

A Single Set of Auditing Standards: Audits of Small- and Medium-Sized Entities (PDF | 236K)
At a Glance
Date: Mar 07, 2012

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