Özet:

The scope of the independent audit activity was expanded, and international standards were adopted for independent auditing after the Turkish Commercial Code No. 6102 came into force in our country. After the law’s implementation, the scope of being subject to audit on different dates was changed and expanded. With this scope expansion, the difference between the sizes of the companies subject to audit has increased. In addition, the existing complexity criticisms of the International Standards on Auditing (ISA) have led to various changes in the standards, and it has come to the fore to prepare a separate set of standards for less complex entities. With this approach, the International Auditing and Assurance Standards Board (IAASB) prepared the “International Standard on Auditing of Financial Statements of Less Complex Entities (ISA for LCE)” and presented the draft set to public opinion. This research discusses the preparation process of the ISA for LCE (through the draft), its basic features, and its comparison with the ISA’s. As a result of the research has determined that the set of standards prepared for less complex entities consists of shorter and understandable expressions, provides concrete steps to the auditor with an action-oriented approach, and imposes less responsibility on the auditor in some areas.

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