A new standard has been issued to help auditors involved in financial statement audits, who may have smaller / less complicated clients. Introducing the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities or, ISA for LCE, for short. The goal of this new standard is to introduce efficiency in our audits, whilst still maintaining quality in delivering an effective audit to back up the auditor’s opinion. Let us journey with you into unpacking this new standard as we look at its requirements and attempt to draw similarities and highlight differences, where obvious, between the ISA for LCE and the ISAs.