17th October 2018
IFAC (International Federations of Accountants) has updated the Guide to Using ISAs in the Audits of SMEs, Fourth Edition (the Guide) to help firms efficiently and proportionally apply ISAs on SME audits.
This fourth edition has been updated to reflect recent changes to ISAs, including International Auditing and Assurance Standards Board (IAASB) projects on:
- Auditor Reporting
- The Auditor’s Responsibilities Relating to Other Information
- Using the Work of Internal Auditors
The Guide is designed for use by all practitioners.
Volume 1 covers the fundamental concepts of a risk-based audit in conformance with the ISAs:
Volume 2 contains practical guidance on performing SME audits, including two illustrative case studies - one of an SME audit and one of a micro-entity audit:
Don't forget to connect with MGI Worldwide on social media!
You can stay in touch and keep up-to-date with what's happening across the MGI Worldwide international network on LinkedIn, Facebook, Twitter, and more recently on our NEW YouTube channel, where we post new updates regularly. Simply search "MGI Worldwide" and click to Follow us, and subscribe to our new YouTube channel to help us reach 100 subscribers or more.
MGI Worldwide is a top 20-ranked international accounting network, with some 5,000 independent auditors, accountants and tax experts, in more than 260 locations around the world.
20th March 2019
MGI Worldwide once again ranks in the top-20 global accountancy networks in Asia-Pacific in the...
7th March 2019
A new paper, produced by MGI Worldwide accountancy network member firm Studio Pragma, outlines the...
4th March 2019
The 2019 World Survey from the International Accounting Bulletin(IAB) has found that the...