Canadian Auditing Standards (CASs)
AASB Response – Reporting on Audited Financial Statements: Proposed New and Revised International Standards on Auditing
November 28, 2013. The AASB has submitted a comment letter responding to the IAASB’s Exposure Draft.
Exposure Draft – Reporting on Audited Financial Statements
September 30, 2013. The AASB has issued an Exposure Draft that proposes new and revised standards dealing with auditor reporting on financial statements. Stakeholders are encouraged to submit their comments, on the form provided, by November 1, 2013.
Roundtable Discussions – Stakeholders’ Views Sought on Three Exposure Drafts
August 22, 2013. Register to attend a roundtable discussion in September and October 2013 to share your views. The various proposals may result in changes to work effort, the form of reporting or both, and will affect a wide range of users.
IAASB Exposure Draft – Reporting on Audited Financial Statements: Proposed New and Revised International Standards on Auditing (ISAs)
August 7, 2013. The IAASB has issued an Exposure Draft that contains proposals intended to enhance the future auditor’s report. Canadian stakeholders are encouraged to provide their comments to the IAASB by November 22, 2013.
Guide – Reporting Implications of New Auditing and Accounting Standards (10th edition)
July 3, 2013. This publication provides guidance on reporting issues that may arise during the current period of change to new auditing and accounting standards.
Bulletin – Understanding Internal Control Relevant to the Audit – The Function of a Walk-through
June 11, 2013. This issue of the Auditing and Assurance Bulletin explains specific requirements dealing with understanding internal control and how a walk-through might be used to meet those requirements.
New Enewsletter – The Standard
May 24, 2013. Subscribe to The Standard, a new enewsletter that is customized to the standard-setting topics that interest you. Choose to be updated on IFRSs, accounting standards for private enterprises, standards for NFPOs (public and private sector), standards for public sector entities, CASs, and/or assurance and related services standards.
Paper – Practical Ways to Improve the Exercise and Documentation of Professional Skepticism in an ISA Audit
May 22, 2013. This joint paper by Auditing and Assurance staff at CPA Canada and the Institute of Chartered Accountants in Australia provides a practical approach for practitioners to enhance their professional skepticism and reflect this in audit documentation. It also includes a series of questions developed for different engagement phases.
Basis for Conclusions – Revised CAS 610, Using the Work of Internal Auditors
May 7, 2013. This document summarizes the process followed in developing this standard and the conclusions reached by the AASB regarding significant comments received in response to its Exposure Draft.
Guide – Reporting Implications of New Auditing and Accounting Standards (9th edition)
April 8, 2013. This publication provides guidance on reporting issues that may arise during the current period of change to new auditing and accounting standards.
Discussion Paper – The Role of the Audit Committee
February 20, 2013. This Discussion Paper was prepared by the Enhancing Audit Quality: Canadian Perspectives initiative’s Role of the Audit Committee Working Group. The paper considers ways in which audit committees can contribute to audit quality. Comments are requested by March 15, 2013.
IAASB Consultation Paper – A Framework for Audit Quality
February 1, 2013. The IAASB has issued a Consultation Paper that describes the key elements of audit quality. Canadian stakeholders are encouraged to provide their comments to the IAASB by May 15, 2013.