Auditing and Assurance Standards Oversight Council

WHAT'S NEW

AASOC Meeting Agenda – July 5, 2018
June 19, 2018. AASOC will approve due process for AuG-49, receive a report from the Nominating and Governance Committee on their review of the nomination process, and discuss the activities of the AASB, the Independence Task Force, and related matters.

AASOC Meeting Minutes – February 5, 2018
May 2, 2018. On a conference call, the Council discussed the AASB’s Annual Plan 2018-2019, confirmed due process for the approval of CSAE 3530 and 3531, and reviewed a draft of the AASOC response to the Monitoring Group’s Consultation Paper.

AASOC Meeting Minutes – November 9-10, 2017
April 30, 2018. At a public meeting in Calgary, AASOC the Board discussed the activities of the AASB, the Independence Task Force, received an update from the Nominating Committee, and discussed other related matters.

AASB Annual Plan – 2018-2019
April 2, 2018. The Annual Plan sets out the Board’s key activities and targets to be undertaken in 2018-2019, helping to achieve its objectives in the five-year strategic plan. For more detail on the activities, see the Activities Matrix.

Appointments – AASOC and the AASB
March 29, 2018. Appointments, reappointments, retirements: AASOC is pleased to announce membership changes effective April 1, 2018.

AASOC Meeting Agenda – April 5, 2018
March 29, 2018. AASOC will approve due process for limited revisions to AuG-18, receive an update from the Nominating and Governance Committee, and discuss the activities of the AASB, the Independence Task Force, and related matters.

AASOC Response – Monitoring Group Consultation Paper, Strengthening the Governance and Oversight of the International Audit-related Standard-setting Boards in the Public Interest
March 2, 2018. AASOC’s response to the Monitoring Group’s consultation paper outlines what proposals we agree with, have concerns with, and provides overall comments for the Monitoring Group’s consideration.

AASB Response – Monitoring Group Consultation Paper, Strengthening the Governance and Oversight of the International Audit-related Standard-setting Boards in the Public Interest
March 2, 2018. This month, the AASB responded to the Monitoring Group’s consultation paper, which sets out options that have the potential to dramatically reform the global audit standard-setting process. Our response outlines in detail our observations on the proposals, noting both areas we support and those that should be re-examined. 

AASOC Updates Terms of Reference
February 2, 2018. At its November 9-10, 2017 meeting, AASOC approved revised Terms of Reference, which were updated following a joint review of the activities of AASOC and AcSOC. The Terms of Reference of both Councils are now more closely aligned and reflect current oversight procedures.

AASOC Meeting Agenda – February 5, 2018
January 24, 2018. Via conference call, AASOC will approve the AASB’s 2018-2019 Operating Plan, two new Canadian standards, receive an update from the Nominating and Governance Committee, and review the draft AASOC response to the Monitoring Group’s paper.

Media Release – AASOC Announces New AASB Chair
November 24, 2017. Ken Charbonneau, FCPA, FCA, ICD.D, was appointed by AASOC as the new AASB Chair, effective April 1, 2018. Recently retired from KPMG as Partner, Assurance, Ken has more than 40 years of business experience to bring to his new role.

AASOC Meeting Agenda – November 9-10, 2017
October 17, 2017. At a public meeting in Calgary, AASOC will discuss the activities of the AASB, the Independence Task Force and related matters.

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