Auditing and Assurance Standards Board

At its September 9, 2026, meeting, the AASB discussed key developments in Canadian and international auditing and assurance standard setting. Discussions included the proposed way forward following the IAASB’s post-implementation review of International Standard on Auditing (ISA) 540 (Revised), Auditing Accounting Estimates and Related Disclosures, key issues in the targeted standards in the ISA 500 series project, and the IAASB’s Technology Quality Management Guides. Read the decision summary for full details.

At its June 2026 meeting, the AASB discussed ongoing international and Canadian standard-setting projects, including Audit Evidence and Risk Response, Targeted Standards in the International Standard on Auditing 500 series, Technology Quality Management Workstream, and ongoing activities to support audits of less complex entities in Canada. Read the decision summary for full details.

At its March meeting, the AASB approved two new Canadian standards: CSRS 4250, Compilation Engagements on Future-oriented Financial Information (FOFI) and Pro Forma, and CSSA 5000, General Requirements for Sustainability Assurance Engagements. The Board also approved its 2025–2026 Performance Assessment and 2026–2027 Annual Plan and discussed several significant standard-setting initiatives currently underway. Read the decision summary for full details.

At the AASB’s January 19, 2026, meeting, the Board completed a final read and resolution of issues prior to the anticipated approval of proposed CSRS 4250, Compilations of Future-oriented Financial Information and Pro Forma. They also discussed planned activities associated with the Board’s continuing work on the amendments related to Indigenous matters in CSSA 5000, General Requirements for Sustainability Assurance Engagements. Read the decision summary for full details.

Your opinion matters! Join an upcoming roundtable discussion on the AASB’s Exposure Draft, “Proposed Revisions to the Canadian Auditing Standards (CASs) for Audit Evidence and Risk Response.”. Share your views and help ensure the proposed changes to CAS 330, The Auditor’s Responses to Assessed Risks, CAS 500, Audit Evidence, and CAS 520, Analytical Procedures work for Canadians. Register for a session on October 7, 2026 (English), or October 13, 2026 (French).

Want to learn how the new compilation standard, CSRS 4250, may impact you as a practitioner, a user of FOFI or pro forma, management, or as a governance professional? We’ve created a short resource to highlight key facts about CSRS 4250. Don’t miss out on this helpful resource.

Short on time but want to know how this change impacts you as a practitioner, a user of FOFI or pro forma, management, or a staff member charged with governance? Read our educational guide for more details! 

At its September 9, 2026, meeting, the AASB discussed key developments in Canadian and international auditing and assurance standard setting. Discussions included the proposed way forward following the IAASB’s post-implementation review of International Standard on Auditing (ISA) 540 (Revised), Auditing Accounting Estimates and Related Disclosures, key issues in the targeted standards in the ISA 500 series project, and the IAASB’s Technology Quality Management Guides. Read the decision summary for full details.

At its June 2026 meeting, the AASB discussed ongoing international and Canadian standard-setting projects, including Audit Evidence and Risk Response, Targeted Standards in the International Standard on Auditing 500 series, Technology Quality Management Workstream, and ongoing activities to support audits of less complex entities in Canada. Read the decision summary for full details.

At its March meeting, the AASB approved two new Canadian standards: CSRS 4250, Compilation Engagements on Future-oriented Financial Information (FOFI) and Pro Forma, and CSSA 5000, General Requirements for Sustainability Assurance Engagements. The Board also approved its 2025–2026 Performance Assessment and 2026–2027 Annual Plan and discussed several significant standard-setting initiatives currently underway. Read the decision summary for full details.

Your opinion matters! Join an upcoming roundtable discussion on the AASB’s Exposure Draft, “Proposed Revisions to the Canadian Auditing Standards (CASs) for Audit Evidence and Risk Response.”. Share your views and help ensure the proposed changes to CAS 330, The Auditor’s Responses to Assessed Risks, CAS 500, Audit Evidence, and CAS 520, Analytical Procedures work for Canadians. Register for a session on October 7, 2026 (English), or October 13, 2026 (French).

Your opinion matters! Join an upcoming roundtable discussion on the AASB’s Exposure Draft, “Proposed Revisions to the Canadian Auditing Standards (CASs) for Audit Evidence and Risk Response.”. Share your views and help ensure the proposed changes to CAS 330, The Auditor’s Responses to Assessed Risks, CAS 500, Audit Evidence, and CAS 520, Analytical Procedures work for Canadians. Register for a session on October 7, 2026 (English), or October 13, 2026 (French).

Want to learn how the new compilation standard, CSRS 4250, may impact you as a practitioner, a user of FOFI or pro forma, management, or as a governance professional? We’ve created a short resource to highlight key facts about CSRS 4250. Don’t miss out on this helpful resource.

Short on time but want to know how this change impacts you as a practitioner, a user of FOFI or pro forma, management, or a staff member charged with governance? Read our educational guide for more details!