Less Complex Entities (LCE) Standard: A Panacea for A Cost-Effective Audit?

The long-awaited, separate, standalone, proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE) which is based on the core requirements of the International Standards on Auditing (ISAs)…

Highlights of ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures

Changes in accounting standards have in turn brought about significant change to the audit of accounting estimates.