ACCA urges FRC to ensure audit standards for UK SMEs
From Yahoo Finance: 2025-04-30 07:11:00
The ACCA urges the FRC to maintain appropriate audit requirements for UK SMEs aligned with global standards, advocating for complexity-based regulations over size-based ones. ACCA offered recommendations to enhance SME audits, emphasizing the importance of bridging the expectation gap in the UK audit market and promoting the benefits of investing in audits. They suggested reassessing the proportionality of UK International Standards on Auditing and conducting focused research on ethical standards for SME activities. In April 2025, ACCA partnered with the Astana International Financial Centre Green Finance Centre to host a seminar in Kazakhstan on sustainability disclosures for regulators and business leaders in Central Asia.
Read more at Yahoo Finance: ACCA urges FRC to ensure audit standards for UK SMEs