FRC Webinar: Practice Note for the Audit of SMEs
Published: 30 July 2025
1 minute read
The Financial Reporting Council (FRC) recently hosted a webinar to discuss its recently published consultation on a Practice Note to help auditors apply International Standards on Auditing (ISAs) proportionately to smaller entities.
This Practice Note aims to give practitioners confidence to use professional judgment when calibrating audit work, and was developed with feedback gathered during the FRC’s market study examining how effectively the audit market is serving SMEs.
Attendees heard from Kate O’Neill, Director of Stakeholder Engagement and Corporate Affairs, Mark Babington, Executive Director of Regulatory Standards, James Ferris, Director of Audit and Assurance, and Dhruve Shah, Deputy Director of Professional Bodies Supervision.
If you missed the webinar, you can watch the recording below.