Get up to speed on the latest developments for auditing standards designed for less complex entities. In this episode, Melisa Galasso breaks down the IAASB’s new approach to updating the ISAs for LCEs and what it means for practitioners.
- Overview of the IAASB’s plans for maintaining and updating the ISAs for LCEs
- Key differences between full ISAs and ISAs designed specifically for less complex entities
- The three-step process for updating standards based on relevance, proportionality, and evaluation
- How the international approach compares to U.S. GAAP and GAAS for smaller firms
- What this means for ongoing education and practical training opportunities in auditing
Stay informed and make sure your skills and practices are up-to-date with the latest international standards!
SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.
Melisa F. Galasso is the Founder and CEO of Galasso Learning Solutions LLC. A CPA with over 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI.
