Roadmaps to using the IAASB’s ISA for LCE in Europe


Roadmaps to using the IAASB’s ISA for LCE in Europe

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About this event:

In this webinar, we will highlight the main aspects of the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE) and give examples of how some European countries are planning to use it.

In December 2023, the International Auditing and Assurance Standards Board (IAASB) published the ISA for LCE – a standalone global auditing standard designed specifically for smaller and less complex businesses and organisations. Built on the foundation of the International Standards on Auditing (ISAs), audits performed using this standard provide the same level of assurance for eligible audits: reasonable assurance. The standard is effective for audits beginning on or after 15 December 2025 for jurisdictions that adopt or permit its use.

Join Accountancy Europe, the European Federation of Accountants and Auditors for small and medium-sized enterprises (EFAA for SMEs), and the International Federation of Accountants (IFAC) for this event, organised in collaboration with the IAASB. Participants will be welcome to ask questions!


  • Jasper van den Hout, Director, IAASB
  • Kai Morten Hagen, Chair, Task Force for LCE, IAASB
  • Isabelle Raiche, Senior Manager, Standards Development & Technical Projects, IAASB
  • Paul Gisby, Director, Professional Services, Accountancy Europe
  • Christopher Arnold, Director, IFAC
  • Salvador Marin, President, EFAA for SMEs
  • Helene Agélii, Secretary General and CEO, Nordic Federation of Public Accountants (NRF)
  • Inge van Beveren, Deputy Secretary General, Institute of Registered Auditors (IBR-IRE)
  • Iwona Warzecha, Senior Financial Management Specialist, World Bank


  • 15:00 - 15:07


    Salvador Marin, EFAA for SMEs

  • 15:07 - 15:27

    IAASB presentation of the ISA for LCE

    Kai Morten Hagen, IAASB
    Jasper van den Hout, IAASB
    Isabelle Raiche, IAASB

  • 15:27 - 15:40

    First Q&A

  • 15:40 - 15:50

    Views from Iwona Warzecha, Senior Financial Management Specialist, World Bank

    Iwona Warzecha, World Bank

  • 15:50 - 16:10

    Panel discussion on adoption and implementation

    Moderator: Christopher Arnold, IFAC
    Helene Agélii, NRF
    Inge van Beveren, IBR-IRE

  • 16:10 - 16:23

    Second Q&A

  • 16:23 - 16:30


    Paul Gisby, Accountancy Europe