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Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities, Third Edition

This comprehensive implementation guide is intended to help practitioners understand and efficiently apply the clarified International Standards on Auditing (ISAs) to audits of small- and medium-sized entities (SMEs). First issued in 2007 and developed with the Canadian Institute of Chartered Accountants, it is designed for use by all practitioners. Volume 1 covers the basic concepts of a risk-based audit in conformance with the ISAs. Volume 2 contains practical guidance on performing SME audits, including two illustrative case studies—one of an SME audit and one of a micro-entity audit.

See also

  • ISA Guide—Orientation, a PowerPoint slide deck to introduce users to the structure, features, and key topics in the Guide. Member bodies may have access to the slides for use in training and CPD courses. 
  • Companion Manual to the QC and ISA Guides on how member bodies and other professional accountancy organizations can make the best use of the Guide. 
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