Page 9 - Auditing and Assurance Standards Oversight Council Public Report for the period ended August 31, 2015
P. 9
Report of the Quality Assurance Committee 7

Report of the Quality Assurance

One of AASOC’s objectives is to help generate confidence in the standards for auditing and
other forms of assurance and related services, as well as for the independence rules for
Canada’s CPAs. For this objective to be achieved, it must be clear that the standards and
rules are developed with the primary consideration being the public interest.

To help establish the required clarity, in 2013, AASOC formed a Quality Assurance Committee
to annually review the oversight activities of AASOC and determine whether those activities
have been performed in accordance with AASOC’s policies and procedures. The Quality
Assurance Committee also makes
recommendations as appropriate
to AASOC for improvement of
oversight processes.

The Quality Assurance Committee’s Left to Right: Phil Cowperthwaite, Chair, Quality Assurance Committee, and
annual report was presented to Stan Pasternak, Chair, Nominating Committee.
AASOC at its April 2015 meeting.
The report is effective for the
period from January 1, 2014 to
March 31, 2015 and is attached as
Appendix A. The Quality Assurance
Committee concluded that
AASOC’s oversight activities were
performed in accordance
with AASOC’s policies.
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