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April 17, 2024

Document for Comment

AASB Consultation Paper – 2026-2029 Strategic Plan

The AASB wants your input on its 2026-2029 Strategic Plan! Complete our survey by June 28, 2024, to provide your views on whether our goals are responsive to the changing environment. Weigh in on what areas will significantly influence the audit and assurance landscape over the next five years and help us set the direction of our work. 

April 8, 2024

Meeting Summary

AASB Meeting – March 11-12, 2024

The Board will discuss the IAASB’s projects on Audit Evidence, Audits of Less Complex Entities, Going Concern, Listed Entity/Public Interest Entity Track-2, IAASB Technology Framework, and Integrated Project. The Board will review a final read, subject to approval, for the AASB’s Annual Report, Due Process, Strategic Plan and Terms of Reference, and discuss issues on the Compilations of Future-Oriented Financial Information. The Board will also review feedback received on the Canadian Exposure Draft on Sustainability Assurance and discuss next steps.

April 8, 2024

Meeting Summary

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.

April 1, 2024

News

Canada’s Reporting and Assurance Oversight Councils Announce Transition to Single Oversight Council for Streamlined Standard Setting

Canada’s reporting and assurance oversight councils are pleased to announce the establishment of the Reporting & Assurance Standards Oversight Council (the Oversight Council), an important step towards enhancing standard-setting efficiency and connectivity in Canada.   

March 31, 2024

News

Appointments, Reappointments and Retirements – AASOC

AASOC is pleased to announce new members and re-appointed members to the Council and the AASB. We also wish to thank those retiring for their dedicated service. Read the appointments page for full details.

March 31, 2024

News

Appointments, Reappointments, and Retirements – AASOC

AASOC is pleased to announce new members and reappointed members. We also wish to thank those retiring for their dedicated service. Read the appointments page for full details.

March 28, 2024

News

AASB Annual Plan 2024-2025

As we approach the conclusion of the AASB’s 2022-2025 Strategic Plan, we continue to recognize the changing environment and the diverse needs of our community. Our 2024-2025 Annual Plan highlights our commitment to developing high-quality standards and supporting their effective application. We continue to engage in consultations and advance our projects, including Fraud, Compilations of Future-oriented Financial Information, and Sustainability Assurance. Read the Annual Plan for a full breakdown of how we will continue to serve the public interest in the coming year.

March 7, 2024

Resource, Article

What You Need to Know about Changes to the Fraud Audit Standard

Short on time but want to know about our proposed changes to the fraud audit standard? Find out how our proposals will impact you as an auditor, management, or a user of financial information. Read more about key changes to the standard.

March 5, 2024

Document for Comment, News

AASB Exposure Draft – Proposed Amendments to CAS 240, The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements

Share your views on the AASB’s Exposure Draft, “Proposed Amendments to CAS 240, The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements.” Read more about the proposed standard and related conforming and consequential amendments. Respond to our Exposure Draft by May 6, 2024, and have your say! 

February 28, 2024

Document for Comment

AASB proposes not to adopt the IAASB’s proposed Public Interest Entity narrow-scope amendments at this time

The AASB issued an Exposure Draft proposing not to adopt at this time the International Auditing and Assurance Standards Board (IAASB)’s proposed narrow-scope amendments. The IAASB’s proposal stems from revisions to the definitions of listed entities and public interest entities in the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (Including Independence Standards). We welcome your feedback on this Exposure Draft. Submit your comments by April 8, 2024, and tell us what you think.