Auditing and Assurance Standards Board

WHAT'S NEW

AASB Meeting Agenda – December 4-5, 2017
November 14, 2017. The Board will discuss a number of topics during this two-day meeting including Auditing Accounting Estimates, Auditor Reporting, Quality Control, Compilation Engagements, and the 2018-2019 operating plan.

Canadian Accountant Article – Canadian Accountants Prepare for Reporting Key Audit Matters
November 13, 2017. Read this article for an update on the new information auditors will need to include in audit reports. Darrell Jensen, AASB Chair, talks key audit matters, next steps and what Canadian stakeholders had to say.

Monitoring Group Consultation Paper – Strengthening the Governance and Oversight of the International Audit-related Standard-setting Boards in the Public Interest
November 13, 2017. The Monitoring Group issued a consultation paper that sets out options that have the potential to dramatically reform the global audit standard-setting process. Canadian stakeholders are encouraged to respond by February 9, 2018.

AASB Decision Summary – October 16-18, 2017
November 6, 2017. At its recent meeting, the Board addressed a number of topics including Auditing Accounting Estimates, Auditor Reporting, Agreed-upon Procedures and Compilation Engagements.

In Brief – AASB’s Launch of Field Testing on a Proposed Auditing Standard
October 26, 2017. The AASB launched a new consultation activity focused on field testing the Exposure Draft, Auditing Accounting Estimates and Related Disclosures. This provides an overview of that field testing activity.

IAASB Releases ISA 600 Project Update
October 25, 2017.The IAASB has issued an update for its project to revise ISA 600, Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors). This publication highlights the issues under consideration in the revision of this standard and other current projects.

Survey – Views on the Scope of the Revised Standard on Compilation Engagements
October 24, 2017. Are you a practitioner who sometimes finds the lines blurred between an accounting service and a compilation engagement? Help the AASB decide what revisions are needed to the scope of Section 9200, Compilation Engagements. Complete this 20-minute survey by November 13, 2017.

AASB Meeting Agenda – October 16-18, 2017
October 5, 2017.The Board will discuss a number of topics during this two and a half day meeting including Auditing Accounting Estimates, Auditor Reporting, Compilation Engagements, and strategic projects underway. The Board will also hold outreach sessions with Canadian stakeholders from various groups.

AASB Decision Summary – September 14-15, 2017
October 2, 2017. At its recent meeting, the Board addressed a number of topics including Auditing Accounting Estimates, Auditor Reporting, Agreed-upon Procedures and Compilation Engagements.

Volunteer Opportunity – Auditing and Assurance Standards Board
September 12, 2017. AASOC is looking for a new member for the AASB. Are you interested in driving auditing, other assurance and related services engagements in Canada, and want to help ensure these standards are set in the public interest? Subject your résumé by October 13, 2017.

AASB Meeting Agenda – September 14-15, 2017
August 29, 2017. The Board will discuss a number of topics during this two-day meeting including Quality Control, Compilation Engagements and other projects underway.

The AASB is coming to Vancouver and wants to talk to you!
August 28, 2017. This is your chance to have a say and talk directly to the people on the front line of assurance standard setting on current issues you face.

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