The Association of Chartered Certified Accountants (ACCA) has backed the UK Financial Reporting Council’s (FRC) potential adoption of an international standard on auditing (ISA) for less complex entities (LCE). The ACCA says aligning with the International Auditing and Assurance Standards Board’s (IAASB) standards would allow audits to better reflect the circumstances of smaller and less complex businesses, benefitting these businesses. Responding to the FRC’s call for views on improving the usability o ...