Meetings and Events

Attend an upcoming roundtable discussion to help us ensure the proposed amendments to CAS 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements, work for Canadians. Register for a session on April 9, 2024 (English), or April 15, 2024 (French) and share your views directly with our team! 

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.

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.

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.

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.

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.

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.

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.

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.