Assurance and Related Services Standards (other than CASs)

WHAT'S NEW

Basis for Conclusions – Section 7150, Auditor’s Consent to the Use of a Report of the Auditor in an Offering Document
February 6, 2013. This document summarizes the process followed in developing this standard and the conclusions reached by the AASB regarding significant comments received in response to its Exposure Draft.

IAASB Consultation Paper – A Framework for Audit Quality
February 1, 2013. The IAASB has issued a Consultation Paper that describes the key elements of audit quality. Canadian stakeholders are encouraged to provide their comments to the IAASB by May 15, 2013.

Invitation to Comment – Draft Strategic Plan 2013-2016
December 18, 2012. The AASB has issued an Invitation to Comment on its Draft Strategic Plan 2013-2016. Stakeholders are encouraged to submit their comments by January 18, 2013.

Bulletin – Auditor’s Consent to the Use of a Report of the Auditor Included in an Offering Document
November 29, 2012. This issue of the Auditing and Assurance Bulletin highlights key aspects of a new standard, Section 7150, which deals with an auditor’s consent to the use of a report of the auditor included in an offering document.

Survey – Lenders’ Perception of Compiled Financial Statements
November 6, 2012. Are you a loan officer? If so, take this survey to provide your views on compiled financial statements, accompanied by a Notice to Reader, and their significance in making lending decisions for SMEs.

Basis for Conclusions – Authority of Guidelines Issued by the AASB and Withdrawal of AuG-19, AuG-32 and AuG-39
September 6, 2012. This document summarizes the process followed and the conclusions reached by the AASB regarding significant comments received in response to its Exposure Drafts.

Basis for Conclusions – CSAE 3410, Assurance Engagements on Greenhouse Gas Statements
September 5, 2012. This document summarizes the process followed in developing this standard and the conclusions reached by the AASB regarding significant comments received in response to its Exposure Draft.

Exposure Draft – Auditor’s Consent to the Use of a Report of the Auditor Included in an Offering Document
August 15, 2012. The AASB has issued an Exposure Draft that proposes a new standard dealing with the auditor’s responsibilities in responding to requests to consent to the use of a report of the auditor. Stakeholders are encouraged to submit their comments, on the form provided, by September 21, 2012.

Exposure Draft – Withdrawal of AuG-19, AuG-32 and AuG-39
January 17, 2012. The AASB has issued an Exposure Draft seeking comments on its proposal to withdraw three Assurance and Related Services Guidelines. Comments, on the form provided, are requested by April 15, 2012.

Exposure Draft – Authority of Guidelines Issued by the AASB
January 17, 2012. The AASB has issued an Exposure Draft seeking comments on its proposal to revise various Handbook pronouncements to clarify the status and authority of Assurance and Related Services Guidelines and non-authoritative material. Comments, on the form provided, are requested by April 15, 2012.

Commenting in a Comfort Letter on Pro Forma Financial Statements
December 2, 2011. A Basis for Conclusions has been issued.

Standards Affected by Changes in Canadian Securities Regulations
December 2, 2011. A Basis for Conclusions has been issued.

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