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. The IAASB appreciates that the auditor of smaller entities may have specific concerns. How are these concerns addressed? a) The application material contains separate
. The IAASB appreciates that the auditor of smaller entities may have specific concerns. How are these concerns addressed? a) The application material contains separate sections dealing with considerations specific to smaller entities. b) ISAs do not have to be followed in the audit of smaller entities. c) The auditor can agree with management of smaller entities to ignore ISA requirements, as long as this is disclosed in the auditor`s report. d) There are a separate set of requirements relevant to the audit of smaller entities.
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