News Listings

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).

Want to learn how the new compilation standard, CSRS 4250, may impact you as a practitioner, a user of FOFI or pro forma, management, or as a governance professional? We’ve created a short resource to highlight key facts about CSRS 4250. Don’t miss out on this helpful resource.

Short on time but want to know how this change impacts you as a practitioner, a user of FOFI or pro forma, management, or a staff member charged with governance? Read our educational guide for more details! 

Explore the AASB’s educational resource on proposed revisions to CAS 330, CAS 500, and CAS 520. Learn about key changes to risk responses, audit evidence, analytical procedures and the use of technology. Read the resource.

At its September 9, 2026, meeting, the AASB discussed key developments in Canadian and international auditing and assurance standard setting. Discussions included the proposed way forward following the IAASB’s post-implementation review of International Standard on Auditing (ISA) 540 (Revised), Auditing Accounting Estimates and Related Disclosures, key issues in the targeted standards in the ISA 500 series project, and the IAASB’s Technology Quality Management Guides. Read the decision summary for full details.

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. 

The International Auditing and Assurance Standards Board issued its Exposure Drafts proposing revisions to International Standard on Auditing (ISA) 330 (Revised), The Auditor's Responses to Assessed Risks; ISA 500, Audit Evidence; and ISA 520, Analytical Procedures.

The proposed changes aim to strengthen the risk-based audit framework, including how auditors assess and respond to risk, evaluate audit evidence, and apply professional skepticism. They also aim to improve alignment across the audit process and support innovation while remaining principles based. Review the Exposure Drafts and submit your comments to the IAASB by December 15, 2026. 

RASOC is pleased to announce appointments for the AASB, and PSAB. Read the appointments page for full details.

The Board approved CSRS 4250, Compilation Engagements on Future-oriented Financial Information and Pro Forma, at its March 9–10, 2026, meeting. The new standard replaces AuG-16, Compilation of a Financial Forecast or Projection, and is effective for compilation engagement reports dated on or after July 1, 2028. It was issued in the CPA Canada Handbook – Assurance on June 19, 2026. Read more about the project.