AASB

Auditing and Assurance Standards Board

About the AASB

The Auditing and Assurance Standards Board (AASB) establishes standards for assurance and related services engagements. We contribute to the development of International Standards on Auditing (ISAs), which we adopt as Canadian Auditing Standards (CASs), by participating in consultations and activities of the International Auditing and Assurance Standards Board (IAASB) to ensure Canadian entities’ auditing needs are considered.

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Upcoming meetings & events

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Auditing and Assurance Standards Board Meeting – August 29, 2019 Conference Call 12:30 pm – 3:30 pm

At its upcoming conference call, the Board will discuss Audits of Less Complex Entities and Compilation Engagements.

September 9-10, 2019 Auditing and Assurance Standards Board Meeting – September 9-10, 2019 8:30 am – 5:00 pm Toronto, ON

At its upcoming meeting, the Board will discuss Audit Evidence, Key Audit Matters and Other Considerations, Group Audits and others. Read the agenda for full details.

October 7-8, 2019 Auditing and Assurance Standards Board Meeting – October 7-8, 2019 8:30 am – 5:00 pm Toronto, Ontario

Meeting & event summaries

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June 25, 2019 AASB Decision Summary — June 25, 2019 Conference Call

The Board discussed the draft responses to the IAASB’s Exposure Draft “Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews.” Read the Summary for full details.

June 10-11, 2019 AASB Decision Summary – June 10 -11, 2019 Meeting

The Board discussed several topics during this two-day meeting including, Identifying and Assessing the Risk of Material Misstatement, Public Sector Auditing Standards, Compilation Engagements, and Quality Management. Read the Decision Summary for full details.

May 6, 2019 AASB Decision Summary — May 6, 2019 Conference Call

The Board approved an exposure draft of a guideline for Public Sector Auditing Standards and a revised standard for Reporting on Controls at a Service Organization. It also discussed Audits of Less Complex Entities and the IAASB Strategy and Work Program. Read the full Decision Summary for details.

News

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August 6, 2019 News
AASB Response – Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews

The Board submitted four comment letters responding to the IAASB’s Exposure Drafts for “Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews,” including, proposed International Standard on Quality Management (ISQM) 1; proposed ISQM 2, and proposed ISA 220 (Revised). Read the comment letters for full details.

July 15, 2019 News
Volunteer Opportunity – Evolution of Audit Evidence

The Auditing and Assurance Standards Board (AASB) is looking for individuals familiar with new information sources used in the audit evidence gathering process to be members of our Audit Evidence Advisory Group. Read more about the opportunity we have available and apply by August 31, 2019.

July 11, 2019 News
Join us! AASB Discussion Group – Understanding the Challenges of Auditing Less Complex Entities

The AASB is investigating the challenges experienced by Canadian practitioners when auditing LCEs. Join the AASB Discussion Group where AASB Principal, Andrea Lee, will be sharing information, asking questions, and moderating discussion to help us understand what you, our stakeholders, need when performing audits of LCEs.