Smaller Audits: Challenges and Insights
Smaller audits are considered “a specialty”, with their own unique set of challenges for practitioners to address when engaging with smaller clients. This publication highlights some of those challenges and provides related insights that might be useful for practitioners, Small and Medium Sized Practices (SMPs) and Professional Accounting Organizations (PAOs) as they support their members.
Accounting and Auditing Reform Momentum Forum
The Accounting and Auditing Reform Momentum Forum on March 17, 2025, aimed to update participants on recent developments in financial reporting and auditing in the private and public sectors and explain the rationale for reforms amid climate and artificial intelligence (AI) challenges.
Sustainability Reporting and IFRS for SMEs
The Sustainability Reporting and IFRS for SMEs workshop brought together 26 participants to learn and discuss about sustainability reporting in the European Union, including the transposition of the EU Corporate Sustainability Reporting Directive (CSRD), the 12 European Sustainability Reporting Standards (ESRS), and the related Assurance Standard in the works.
Audit Training of Trainers Virtual Workshop: Leveraging Data Analytics to Add Value for SMEs
This session showcased a possible example how Small and Medium Sized Practitioners (SMPs) can employ data analytics solutions to add value to their Small and Medium Enterprise (SME) clients and shared further insights and relevant considerations for SMPs in the area of audit data analytics. The session also provided preliminary insight into the responses to the International Auditing and Assurance Standards Board (IAASB) Data Analytics Working Group (DAWG) on its Request for Input “Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics”.