November 2021 Roundtable: Audits of Less Complex Entities

Published date: October 12, 2021

CAPA is delighted to partner with IFAC, IAASB and South Asian Federation of Accountants (SAFA) in holding a roundtable to promote a greater awareness and understanding of the public consultation on the proposed standard for audits of Less Complex Entities (LCE) and to provide an opportunity for members to provide their views to the consultation. The proposed separate standard for audits of financial statements of LCEs responds to the call to have a set of high-quality requirements tailored to the needs of LCEs and aims to provide a globally consistent approach. The public consultation on this draft new standard is open until 31 January 2022.

It is acknowledged that LCEs make crucial contributions to the world economy and account for the great majority of entities globally. At the same time, increasingly complex structures and transactions need to be addressed in the International Standards on Auditing (ISAs). This complexity in the ISAs can pose challenges for audits of LCEs.

Please forward this roundtable invitation to relevant persons in your organisation. We understand one person per organisation will be invited to actively participate to express views from your jurisdiction, whilst others may observe.

Date: Friday, 12 November 2021

Time: 05:00 (London), 09:30 (New Delhi), 12:00 (Kuala Lumpur), 15:00 (Sydney)

Duration: 2.15 Hours

Platform: Zoom Webinar hosted by IFAC

To register, click on this link. 


Click to view the Roundtable Agenda and Guidance which provides:

(a) An overview of the session;
(b) Guidance on who should attend the roundtable; and
(c) The questions that will be discussed at the roundtable.

Suggested Pre-work for Roundtable Participants
  • Please visit (to view the Exposure Draft, supplementary guidance, mapping document (ISA to proposed standard for LCE), overview video, recording from LinkedIn ‘Live’)
  • Review the Exposure Draft and where relevant, accompanying Supplemental Guides
  • Review the questions in the Roundtable Agenda and Guidance
  • View introductory video (available in English, French and Spanish)
  • Perform outreach within jurisdiction