Comments of the AFAANZ auditing and assurance standards committee on proposed international standard on auditing ISA for LCE

Paul J. Coram, Yi (Dale) Fu, Mukesh Garg, Noel Harding, David C. Hay, Mohammad Jahanzeb Khan, Nora Muñoz- Izquierdo, Ashna Prasad, Nigar Sultana, Jamie Tong

Research output: Contribution to journalComment / DebateOtherpeer-review


The International Auditing and Assurance Standards Board (IAASB) issued for public comment Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE). The Australian Auditing and Assurance Standards Board (AUASB) and New Zealand Auditing and Assurance Standards Board (NZAuASB) also called for comments. The Auditing and Assurance Standards Committee of the Accounting and Finance Association of Australia and New Zealand (AFAANZ) prepared a submission, based on the findings reported in extant research, informing a number of the questions asked by the IAASB (and AUASB/NZAuASB). This commentary presents the formal submission made to the IAASB.

Original languageEnglish
Pages (from-to)4219-4244
Number of pages26
JournalAccounting & Finance
Issue number3
Publication statusPublished - Sept 2022


  • audit
  • evidence-informed standard setting
  • international standards on auditing
  • less complex entities

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