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Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities Volume 1—Core Concepts

Request for Comments

This is the second edition of the Guide. While we consider this Guide to be useful and of high quality, it can be
improved. We are committed to updating this Guide on a regular basis so as to ensure that it refl ects current
standards and is as useful as possible.
We welcome comments from national standard setters, IFAC member bodies, practitioners, and others. These
comments will be used to assess the Guide’s usefulness and to improve it prior to publishing the third edition.
In particular, we welcome views on the following questions.

1. How do you use the Guide? For example, do you use it as a basis for training and/or as a practical
reference guide, or in some other way?

2. Do you consider the Guide to be sufficiently tailored to the audit of SMEs?

3. Do you find the Guide easy to navigate? If not, can you suggest how navigation can be improved?
4. In what other ways do you think the Guide can be made more useful?

5. Are you aware of any derivative products—such as training materials, forms, checklists, and programs—
that have been developed based on the Guide? If so, please provide details.

Please submit your comments to Paul Thompson, Senior Technical Manager at:

Email: paulthompson@ifac.org
Fax: +1 212-286-9570
Mail: Small and Medium Practices Committee
International Federation of Accountants
545 Fifth Avenue, 14th Floor
New York, New York 10017, USA

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