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August 30, 2019

Basis for Conclusions

Basis for Conclusions – Reporting on Controls at a Service Organization Relevant to User Entities’ Internal Control Over Financial Reporting

This document is a summary of the process followed in issuing CSAE 3416 and the Board’s conclusions regarding significant comments received in response to its Exposure Draft. Read the Basis for Conclusions for full details.

August 30, 2019

Resource

Non-authoritative Guidance – System and Organization Controls (SOC) Engagements

This non-authoritative guidance is intended to provide a roadmap for practitioners who are engaged to conduct SOC attestation engagements under Canadian standards; or both Canadian and U.S. standards and/or international standards. Read the document to learn more.

August 29, 2019

Meeting Summary

AASB Decision Summary — August 29, 2019 Conference Call

The Board discussed its draft response to the IAASB’s Discussion Paper for Audits of Less Complex Entities and key issues related to Compilation Engagements. Read the summary for full details.

August 6, 2019

News

AASB Response – Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews

The Board submitted four comment letters responding to the IAASB’s Exposure Drafts for “Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews,” including, proposed International Standard on Quality Management (ISQM) 1; proposed ISQM 2, and proposed ISA 220 (Revised). Read the comment letters for full details.

July 15, 2019

News

Volunteer Opportunity – Evolution of Audit Evidence

The Auditing and Assurance Standards Board (AASB) is looking for individuals familiar with new information sources used in the audit evidence gathering process to be members of our Audit Evidence Advisory Group. Read more about the opportunity we have available and apply by August 31, 2019.

July 11, 2019

News

Join us! AASB Discussion Group – Understanding the Challenges of Auditing Less Complex Entities

The AASB is investigating the challenges experienced by Canadian practitioners when auditing LCEs. Join the AASB Discussion Group where AASB Principal, Andrea Lee, will be sharing information, asking questions, and moderating discussion to help us understand what you, our stakeholders, need when performing audits of LCEs.

July 5, 2019

News

Virtual Roundtable Discussions – Audits of Less Complex Entities – French Roundtable Added!

The Board added a French language virtual roundtable on July 18 to allow our French-speaking stakeholders the flexibility to provide feedback on the IAASB’s discussion paper Audits of Less Complex Entities: Exploring Possible Options to Address the Challenges in Applying the International Standards on Auditing (ISAs) in French. English roundtables are on July 24 and August 1. Register now to have your say!

June 25, 2019

News

Join us! AASB Discussion Group – Finalizing the new Compilation Engagements standard

The AASB is currently working on analyzing the feedback received on our Exposure Draft, Compilation Engagements to finalize a new standard. But we need your help to get to the finish line! Join the AASB Discussion Group - Finalizing the new Compilation Engagements standard, where AASB Principal, Svetlana Berger, will be sharing information, asking questions, and moderating discussion to help us get to a final standard that works for you, our stakeholders.

June 25, 2019

Meeting Summary

AASB Decision Summary — June 25, 2019 Conference Call

The Board discussed the draft responses to the IAASB’s Exposure Draft “Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews.” Read the Summary for full details.

June 19, 2019

News

AASB 2018-2019 Annual Report – Serving the Public Interest by Effectively Responding to Stakeholder Needs

The way we manage our activities and meet challenges is constantly guided by ensuring that we serve the public interest. We do this by effectively responding to the needs of stakeholders. Read about the AASB’s 2018-2019 activities and accomplishments in this year’s Annual Report.