GUIDE – Challenges of Auditors of Less Complex Entities (LCEs) in particular SMPs Part II

Part II: Emerging Developments Shaping the Audit Landscape

This is a follow-up to Part 1 of the guide, which examined key institutional and market pressures affecting Small and Medium Practices (SMPs) auditing Less Complex Entities (LCEs), while offering forward-looking insights on talent, technology, and collaboration.

Part 2 builds on this foundation and focuses on emerging developments shaping the audit landscape, including technology and AI, sustainability expectations, evolving auditor requirements, and continued market and oversight pressures. It aims to provide practical guidance and insights to support SMPs in navigating these ongoing challenges.