Canadian Auditing Standards (CASs)
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.
CAPN 1000 – Special Considerations in Auditing Financial Statements
January 15, 2013. This Practice Note provides guidance on auditing financial instruments to supplement CAS 540.
Roundtable Discussion – Stakeholders’ Views Needed on the IAASB’s Proposals on ISA 720
January 11, 2013. Are you a board member, management, or auditor that issues documents that contain or accompany audited financial statements? Register to attend a roundtable discussion in Calgary, Halifax, Montreal, Toronto or Vancouver to share your views on potentially significant changes to the scope and auditor’s responsibilities under proposed ISA 720 (Revised).
Exposure Draft – The Auditor’s Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor’s Report Thereon
December 20, 2012. The AASB has issued an Exposure Draft that proposes to adopt, with appropriate amendments, ISA 720 (Revised) issued by the IAASB. Canadian stakeholders are encouraged to submit their comments by February 8, 2013.
Invitation to Comment – Draft Strategic Plan 2013-2016
December 18, 2012. The AASB has issued an Invitation to Comment on its Draft Strategic Plan 2013-2016. Stakeholders are encouraged to submit their comments by January 18, 2013.
Discussion Paper – Auditor Independence
November 8, 2012. This Discussion Paper was prepared by the Enhancing Audit Quality: Canadian Perspectives initiative’s Independence Working Group in response to proposals to modify auditor independence rules to enhance audit quality. Comments were originally requested by November 16, 2012, but are now welcome until end of month.
Survey – Lenders’ Perception of Compiled Financial Statements
November 6, 2012. Are you a loan officer? If so, take this survey to provide your views on compiled financial statements, accompanied by a Notice to Reader, and their significance in making lending decisions for SMEs.
Discussion Paper – The Auditor Reporting Model
October 5, 2012. This Discussion Paper was prepared by the Enhancing Audit Quality: Canadian Perspectives initiative’s Auditor Reporting Working Group in response to proposals to enhance auditor reporting. Comments are requested by October 12, 2012.
Overview – Enhancing Audit Quality Initiative
September 20, 2012. Read this Overview of the Enhancing Audit Quality: Canadian Perspectives initiative, a consultation process led by CPAB and CICA. Stakeholder input will be sought on key issues emerging with respect to enhancing audit quality globally and the impact on Canada.