January 17, 2020
Document for Comment
The AASB issued an Exposure Draft proposing to adopt, with appropriate amendments, proposed revisions to International standards issued by the International Auditing and Assurance Standards Board (IAASB). Stakeholders are invited to comment until March 27, 2020. For full details, visit the Documents for Comment page.
January 15, 2020
Are you interested in working with and debating issues of public interest and assurance with other prominent members of the Canadian business community? If so, we need you! AASOC is seeking a new member to appoint to the AASB. Make sure to apply by February 28, 2020.
January 13, 2020
Now that stakeholders have had an opportunity to apply CSRS 4460, we want to learn about your implementation experiences. If you’re a practitioner who reports to third parties on supplementary matters, a CSRS 4460 report user or an entity that engages a practitioner to report on supplementary matters, we want to hear from you! Take our survey to support the post-implementation review of this standard by January 24, 2020.
January 6, 2020
The Canadian Academic Accounting Association’s (CAAA) journal Accounting Perspectives, with Guest Editor Rebecca Villmann, FRAS Canada Director, are calling on accountants to play a role in understanding blockchain and cryptoassets, and evaluating and influencing how they will affect the accounting profession, business and accounting education. We encourage researchers and educators to submit materials on the challenges and opportunities on how to account, audit, tax and regulate these activities by April 30, 2020.
January 2, 2020
The International Auditing and Assurance Standards Board (IAASB) released International Standard on Auditing (ISA) 315 (Revised 2019). It is an important part of the IAASB’s efforts to improve global audit quality and keep up with the evolving environment in which businesses operate. It becomes effective for financial statement audits for periods beginning on or after December 15, 2021.
December 23, 2019
The Task Force on Reporting Implications of the Canadian Auditing Standards released a fourth edition of the Auditor Reporting Guide. The revised Auditor Reporting Guide includes a new chapter on Key Audit Matters. Read the Guide for full details.
The Board discussed several topics during this two-day meeting, including Identifying and Assessing the Risks of Material Misstatement, Public Sector Auditing Standards, and Quality Management. It also discussed its 2020-2021 Annual Plan. Read the Decision Summary for full details.
Find out what’s on the agenda for the upcoming Board meeting. Topics include the 2020-2021 Annual Plan, the future Strategic Plan, Quality Management, and Agreed-upon Procedures.
December 13, 2019
Basis for Conclusions
This document summarizes the process the AASB followed in revising the requirements to communicate key audit matters in accordance with CAS 700, Forming an Opinion and Reporting on Financial Statements. Read the Basis for Conclusions for full details.
December 11, 2019
The Canadian Academic Accounting Association’s (CAAA) 2020 conference theme is “Risky Business: Accounting in time of Uncertainty,” As research on managing, measuring and reporting risk can support Canada’s standard-setting boards’ evidence-based decision making, we encourage you to submit your papers by January 17, 2020.