Meetings and Events

The Board will discuss IAASB issues on Audit Evidence, Audits of LCEs, IAASB Strategy, and Fraud. The Board will approve Canadian revisions to the Listed Entity/Public Interest Entity Track-1 and receive a presentation from the Independence Standing Committee Chair and an update on the definition of Listed Entity/Public Interest Entity Track-2. The Board will also receive a semi-annual update on Emerging Issues and discuss a correction of error on the Agreed-upon Procedures standard. 

The Board will review feedback on the Canadian Exposure Draft, CAS 570, Going Concern, the AASB’s response to the International Auditing and Assurance Standards Board (IAASB) on its proposed amendments to ISA 570, Going Concern, a correction of an error on Agreed-upon Procedures, and more.

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.

The AASB discussed issues related to the project to develop a Canadian Standard on Related Services (CSRS) on compilations of future-oriented financial information that will replace AuG-16, Compilation of a Financial Forecast or Projection and held an education session on Sustainability Assurance. Read the Decision Summary for full details. 

The Board discussed comments received on its Exposure Draft, “CAS 500, Audit Evidence”, approved an exposure draft on Going Concern, and reviewed a draft response letter to the IAASB’s Exposure Draft, Proposed Part 10, Audits of Group Financial Statements of Less Complex Entities. The Board also received an update on the results of its survey and reviewed a draft of its response letter to the IAASB’s Proposed Strategy and Work Plan. Read the Decision Summary for more details.

The Board discussed its 2023-2024 Annual Plan, 2022-2023 Performance Assessment, Emerging Issues, and the IAASB’s projects on Audit Evidence, Going Concern, Sustainability, and more. Read the Decision Summary for full details. 

The Board discussed developing a new Canadian Standard on Related Services on compilations of future-oriented financial information and approved a Canadian Project Proposal for sustainability assurance. It also discussed annual planning, the Strategic Plan 2022-2025, and more. Read the Decision Summary for full details.

The Board discussed issues related to the IAASB’s projects on Audits of LCEs, Fraud, Going Concern, Listed Entity/PIE, Sustainability, and more. The Board approved the final JPS with Actuaries and received a presentation from CPAB. Read the full decision summary for more details.

The Board discussed the IAASB’s project to revise ISA 500, Audit Evidence, revisions to IAS 1 to necessitate revisions to the CPA Canada Handbook – Assurance, and the emerging issues in the audit and assurance environment. The AASB also discussed establishing a Sustainability Assurance Committee, and more. Read the Decision Summary for full details. 

The Board discussed its draft response to the IAASB’s Exposure Draft, “Proposed Narrow Scope Amendments to ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements, and ISA 260 (Revised), Communication with Those Charged with Governance”. Read the Decision Summary for full details.