AASB Decision Summary – September 10-11, 2024
The AASB discussed IAASB’s topics on Fraud, Going Concern, Integrated Project, Listed Entity/Public Interest Entity Track-2, Technology Position, Canadian projects on Audits of Less Complex Entities, and Sustainability Assurance, as well as the AASB’s Engagement Process and Strategic Plan.
AASB Decision Summary – May 14, 2024
The AASB reviewed feedback on the Exposure Draft of CAS 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements, and its response to the IAASB’s proposed ISA 240. The AASB also discussed the Compilations of Future-oriented Financial Information and Pro Forma project. Read the decision summary for more.
AASB Decision Summary – March 11-12, 2024
The AASB discussed Going Concern, Listed Entity/Public Interest Entity Track-2, Integrated Project, Technology Position, Audits of Less Complex Entities, Compilations of Future-oriented Financial Information, Sustainability Assurance, and more. Read the decision summary for full details.
AASB Decision Summary – January 24, 2024
The AASB approved two exposure drafts: Fraud and Listed Entity/Public Interest Entity Track-2. It discussed the draft 2024-2025 Annual Plan and the Compilations of Future-oriented Financial Information project. The Board received a presentation from the Practice Inspection Programs Standing Committee. Read the decision summary for full details.
AASB Decision Summary – December 4-5, 2023
The Board discussed IAASB’s issues on Audit Evidence, Fraud, Listed Entity/Public Interest Entity – Track 2, and IAASB’s Strategy and Work Plan. The Board also discussed its Annual and Strategic Plan, Terms of Reference, Statement of Operating Procedures, and Due Process Manual. Read the Decision Summary for full details.
AASB Decision Summary – November 17, 2023
The Board discussed the Independence Standing Committee’s views on the “public interest entity” (PIE) definition and the Board’s next strategic plan. The Board also reviewed outreach and feedback summaries on the Exposure Draft, “General Requirements for Sustainability Assurance Engagements,” and its response letter to the IAASB. Read the Decision Summary for full details.
AASB Decision Summary – September 12-13, 2023
The Board unanimously approved Canadian revisions to its project on Listed Entity/Public Interest Entity Track-1, received an update on Listed Entity/Public Interest Entity Track-2 project, discussed IAASB issues on Audit Evidence, Fraud, and more. Read the Decision Summary for full details.
AASB Decision Summary – August 30, 2023
The Board approved the Exposure Draft for a new Canadian Standard on Sustainability Assurance (CSSA) 5000, General Requirements for Sustainability Assurance Engagements. Read the Decision Summary for more details.
AASB Decision Summary – August 15, 2023
The Board reviewed a draft response letter to the IAASB’s Exposure Draft, ISA 570, Going Concern and discussed comments received on the AASB’s Exposure Draft of CAS 570, Going Concern. Read the decision summary for more details.
AASB Decision Summary – June 12-13, 2023
The Board discussed the IAASB’s projects on Fraud (ISA 240), Listed Entity/Public Interest Entity-Track 1, Audits of Financial Statements of LCEs, and Sustainability Assurance (ISSA) 5000. It also received updates on its Strategic Plan 2022-2025, Standards Forward Timeline, CPA Canada’s Research Guidance and Assurance, and the final report on IRCSS. Read the Decision Summary for more.