Auditing Smaller Businesses - Striking a Balance

Performing an audit for a smaller business that is both ISA-compliant and efficient can be challenging. To succeed, auditors must recognise the special characteristics of smaller businesses and harness these to good advantage. This practical course outlines these characteristics and the way to approach such audits. It draws on the latest thinking on ‘less complex entity’ (LCE) audits from standard-setters and professional bodies in the UK and overseas.

The course will include the following topics:

• The characteristics of smaller businesses and their audit impact
• Non-audit services – what to avoid (and how to integrate services to provide evidence)
• Efficient planning
• The right approach to fieldwork, including sampling
• Completing the audit on time and on budget
• Auditing standards and smaller audits – time for a new approach?

For details of our 2025 course click here