Auditors of smaller companies to get help

The International Federation of Accountants is looking for help in developing
guidelines for those using International Standards on Auditing for small

The body, which developed the standards, is seeking external proposals for
the creation of an explanatory guide to help auditors around the world
understand, comply with and apply ISAs when conducting audits of smaller

In the UK, the standards came in for fierce criticism for placing unnecessary
burdens on SMEs, despite some concessions being introduced later by the Auditing
Practices Board.

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