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In December 2023 the International Auditing and Assurance Standards Board (IAASB) published the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities, known as the ISA for LCE. The ISA for LCE is a standalone global auditing standard designed specifically for smaller and less complex businesses and organizations. Built on the foundation of the International Standards on Auditing (ISAs), audits performed using this standard provide the same level of assurance for eligible audits: reasonable assurance. The standard is effective for audits beginning on or after 15 December 2025 for jurisdictions that adopt or permit its use.
This 90-minute webinar, organized by IFAC and the Pan African Federation of Accountants (PAFA) in collaboration with the IAASB, will highlight the main aspects of the ISA for LCE and then present examples on how some African jurisdictions plan to use the standard. Participants will have an opportunity to ask questions.