Auditing and Assurance Standards Board

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.

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).

Explore our three-part “Audit Insights” series on testing journal entries in audits of less complex entities. Learn why journal entry testing is needed, how to determine the completeness of the population of journal entries, and how to effectively perform journal entry testing.

The AASB is seeking feedback on proposed revisions to CAS 330, CAS 500, and CAS 520, based on the IAASB’s proposals. Share your views and help shape Canadian auditing standards by November 2, 2026.