News Listings


January 17, 2020

Document for Comment

AASB Exposure Draft – Conforming Amendments to Canadian Standards Resulting from IAASB Conforming Amendments to IAASB International Standards as a Result of the Revised IESBA Code

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


Volunteer Opportunity – The Auditing and Assurance Standards Board needs you!

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


Survey! Post-implementation Review – Reports on Supplementary Matters Arising from an Audit or a Review Engagement – LAST CHANCE – EXTENDED DEADLINE!

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


Academic Research – Call for papers for Special Issue of Accounting Perspectives on Blockchain and Cryptoassets

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


IAASB Update – Enhanced and Modernized ISA 315 for a More Robust Risk Assessment

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


Auditor Reporting Guide – Reporting implications of Canadian Auditing Standards (4th edition)

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.

December 23, 2019

Meeting Summary

AASB Decision Summary — December 2-3, 2019

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.

December 23, 2019

Meeting Summary

Auditing and Assurance Standards Board Meeting – January 23-24, 2020 – Agenda now available!

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

Basis for Conclusions – CAS 700, Reporting on Audited Financial Statements

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


Academic Research – Call for papers for 2020 CAAA Annual Conference

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.