The Auditing and Assurance Standards Board (AASB) has several strategic initiatives where our work can extend beyond standard-setting. The AASB’s 2026-2029 Strategic Plan is committed to working on the following initiatives during this period:
- Supporting audits of less complex entities (LCEs)
- Monitoring and responding to advancement in, and use of, technology
Audits of LCEs
The AASB is committed to supporting audits of LCEs and addressing scalability and proportionality within the Canadian Auditing Standards. We will work with others in the LCE audit ecosystem through our Audits of Less Complex Entities Working Group to continue to develop scalable solutions and help practitioners apply our standards efficiently while maintaining audit quality. Refer to our Audits of Less Complex Entities Working Group and project page for more information on the Board’s work in this area.
Technology
Technology is a key strategic priority for the AASB, and we are working to understand and respond to the impacts of rapidly emerging technologies used by entities and practitioners. Through our monitoring and engagement activities, we aim to ensure our standards continue to reflect the evolving use of technology and remain fit for purpose. For more information, refer to our Technology page.