Effective Dates for New Standards
Canadian Auditing Standards
This summary of recently issued Auditing and Assurance Standards Board (AASB) pronouncements has been prepared for information purposes only. Consequential amendments to existing standards resulting from the issuance of new standards and less significant changes to existing standards are not included below. Reference should be made to official Handbook material for the text of final AASB pronouncements.
| Pronouncement | Effective for | |
|---|---|---|---|
December 15, 2014: | |||
| CAS 610, Using the Work of Internal Audit |
| Material shaded in gray pertaining to the use of internal auditors to provide direct assistance is effective for audits of financial statements and other historical financial information for periods ending on or after December 15, 2014. |
| December 15, 2013: |
|
|
| CAS 315, Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment |
| Audits of financial statements and other historical financial information for periods ending on or after December 15, 2013. |
| CAS 610, Using the Work of Internal Audit | Audits of financial statements and other historical financial information for periods ending on or after December 15, 2013. | ||
| September 1, 2012: |
|
|
| Amendments to CAS 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Canadian Auditing Standards |
| Audits of financial statements covering periods commencing on or after September 1, 2012. |
