Recording: What Makes the IAASB's Draft Less Complex Entities Standard So Important?

IAASB Chair Tom Seidenstein, IAASB Member and Less Complex Entities (LCE) Task Force Chair Kai Morten Hagen, and IAASB Deputy Director Beverley Bahlmann address the journey to the proposed new standard, its key principles, how it compares to the existing suite of International Standards on Auditing (ISAs) and why it is important for stakeholders.