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.




Effective for

December 15, 2018:

CAS 250, Consideration of Laws and Regulations in an Audit of Financial Statements

Audits of financial statements for periods ending on or after December 15, 2018.

December 1, 2016:


Joint Policy Statement Concerning Communications with Law Firms Regarding Claims and Possible Claims in Connection with the Preparation and Audit of Financial Statements, appended to CAS 501, Audit Evidence – Specific Considerations for Selected Items.

Inquiry letters dated on or after December 1, 2016.