What the Project Aims to Achieve
The objective of the project is to develop a separate standard for audits of financial statements of Less Complex Entities (LCEs) to address issues and challenges related to complexity, understandability, scalability and proportionality for LCEs.
This project is also connected to the work being undertaken targeted at the complexity, understandability, scalability and proportionality (CUSP) of the ISAs more broadly. More information about the CUSP project is also available on the CUSP project page.
For more information on the ISA for LCE, please visit the ISA for LCE page.
Current Status of the Project
Refer to the IAASB's "Latest on Our Projects" page for the latest status of the LCE project.
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