Auditing and Assurance Standards Oversight Council


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.

Volunteer Opportunity – Auditing and Assurance Standards Oversight Council
September 11, 2017. AASOC is currently seeking new members! Join a council of prominent members of the Canadian business community, who protect the public interest by overseeing the auditing and assurance standard-setting process. Submit your résumé by October 6, 2017.

Minutes of Meeting – July 6, 2017
August 31, 2017. At a public meeting in Toronto, AASOC discussed auditor reporting and other AASB projects, the Monitoring Group’s review of international standard-setting and oversight processes, and the CPAB and PIOB 2016 public reports.

AASOC 2016-2017 Annual Report – Reflecting on the Past for a Better Tomorrow
August 21, 2017. The theme of this year’s Annual Report was inspired by the reflection AASOC undertook as it reached its 15th year since inception. The Council took time to consider what’s best for its stakeholders moving forward, and saw the culmination of a number of initiatives.

AASOC Meeting Agenda – July 6, 2017
June 26, 2017. AASOC will review the activities of the AASB and other related standard setters.

Minutes of Meeting – April 20, 2017
June 19, 2017. Minutes of AASOC’s meeting are now available.

AASOC Quality Assurance Report – 2016-2017
June 9, 2017. The Report sets out the Quality Assurance Committee’s assessment of the activities of AASOC for the period from April 1, 2016 to March 31, 2017.

Media Release – AASB Seeks New Leader
June 8, 2017. Canada’s Auditing and Assurance Standards Board (AASB) is seeking an exceptional individual to serve as its next Chair, for an initial term of up to five years. This is a remunerated, part-time position and will require a commitment of 1,000 hours per year. Applications are due July 31, 2017.

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