Written Question·Department for Business and Trade·UIN 7877

Audit: Standards

Tabled: 8 October 2024
Answered: 14 October 2024
Named Day

Question

Sarah Green

Liberal DemocratChesham and Amersham

To ask the Secretary of State for Business and Trade, if he will make an assessment of the potential merits of adopting the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities.

Answer

Justin Madders
It is for the Financial Reporting Council (FRC) to decide whether the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE) provides proper and proportionate scrutiny of financial statements. The Gove...

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