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).

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. 

Calling audit practitioners from firms of all sizes and the public sector! Join us in field-testing selected proposals from the AASB’s Exposure Draft, “Proposed Revisions to the Canadian Auditing Standards for Audit Evidence and Risk Response.” Your input will help ensure the proposals are clear, practical, and effective for audits of varying sizes and complexity. Interested in participating? Contact us by Wednesday September 9, 2026, to have your say.

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.

The Reporting and Assurance Standards Oversight Council and the standard‑setting Boards have released their 2025-2026 Annual Reports, outlining standards activity, engagement, and oversight to demonstrate transparency and accountability. Read the reports to learn more about their respective years in review.

At its June 2026 meeting, the AASB discussed ongoing international and Canadian standard-setting projects, including Audit Evidence and Risk Response, Targeted Standards in the International Standard on Auditing 500 series, Technology Quality Management Workstream, and ongoing activities to support audits of less complex entities in Canada. Read the decision summary for full details.

Explore guidance on audits of less complex entities (LCEs), with resources developed by AASB staff and informed by the AASB’s Audits of Less Complex Entities Working Group.