ISCA

CENTRE FOR AUDITING AND ASSURANCE


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The Compilation Standard – Benefiting Both Companies and Practitioners thumbnail
Tuesday, February 19th, 2013

The Compilation Standard – Benefiting Both Companies and Practitioners

The recent global trend shows that more and more small and medium-sized entities (SMEs) are exempt from audit requirements. Notwithstanding that, SMEs may still find that a set of financial statements is able to serve the needs of certain stakeholders who may wish to receive a set of compiled financial statements or a set of [...]


Article for Member Bodies: Review Engagements and SMPs “The Standard for Limited Assurance Review Engagements: Addressing the Needs of SMEs.” thumbnail
Thursday, December 6th, 2012

Article for Member Bodies: Review Engagements and SMPs “The Standard for Limited Assurance Review Engagements: Addressing the Needs of SMEs.”

In September, the International Auditing and Assurance Standards Board (IAASB) released International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to Review Historical Financial Statements. The revised standard is intended to help meet increasing market demand for assurance services other than audits for small- and medium-sized entities (SMEs) and users of their financial information. It [...]