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.
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”.
Audit Training of Trainers Virtual Workshop: Updates from IAASB, IESBA and IFAC’s SMP Committee
This virtual workshop updated participants on the ongoing initiatives of the International Auditing and Assurance Standards Board (IAASB), the International Ethics Standards Board for Accountants (IESBA) and the International Federation of Accountants (IFAC) Small and Medium Practices (SMP) Committee over 2017. Participants also received insights into the priorities and future projects of the IAASB, IESBA and the IFAC SMP Committee.
Audit Training of Trainers Workshop: Supplementary Module – Focus on Services for SMEs
Objectives
The overall aim of the Audit Training of Trainers workshops is to increase the audit profession's capacity to deliver high-quality training and continuing professional development (CPD) programs based on the Standards of the International Auditing and Assurance Standards Board® (IAASB®). In particular, the workshop series focuses on the needs and challenges of Small and Medium-sized Practices (SMPs) to implement International Standards.
Audit Training of Trainers Virtual Workshop: Update from the Standard Setting Boards (IAASB & IESBA)
This virtual workshop allowed participants to gain insight into proposed revisions and standards issued by the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standard Board (IESBA) and become updated with these developments directly from the Standard Setting Boards.