5 September 2011 — News
The Briefing Paper argues that ISAs were not originally developed by the IAASB for use primarily in auditing large public interest entities, that the ‘clarified’ ISAs’ additional requirements and ISQC 1 are not more onerous for SMEs and that SMEs and SMPs were involved in the development of the standards. It also refutes the concern about extensive documentation burdens.
Related files:
Briefing Paper 07 Proportionality and ISAs 1109
