AASB
November 1, 2023
News
At the September 12-13, 2023, Board meeting the AASB approved narrow-scope amendments to CAS 700, Forming an Opinion and Reporting on Financial Statements, and CAS 260, Communication with Those Charged with Governance, subject to the PIOB’s due process certification. The PIOB has now certified the IAASB’s due process for ISA 700 (Revised) and ISA 260 (Revised) and the IAASB has released the final standards. The narrow-scope amendments to CAS 700 and CAS 260 will become effective for audits of financial statements for periods beginning on or after December 15, 2024. The narrow-scope amendments were issued in the Handbook in November 2023.
October 27, 2023
Resource, Article, News
This FAQ addresses investigating exceptions and the concept of performance materiality when using automated tools and techniques while executing auditing procedures. Read for full details.
October 11, 2023
News, Resource
The Implementation Guide provides a summary of the revised CAS 600 requirements, practical considerations for complying with the requirements, and more. Reference this helpful resource for help understanding and applying the revised standard when involved in a group audit, whether as the group auditor or a component auditor for the group audit engagement. Read for full details.
October 5, 2023
The AASB is seeking input on the CSSA 5000 Exposure Draft from all interested and affected parties, especially those who perform assurance engagements over sustainability information, preparers of sustainability disclosures, and other users of the assurance report. Respond to our short surveys today!
September 25-28, 2023
Resource, Webinar
Interested in learning more about Exposure Draft, “CSSA 5000, General Requirements for Sustainability Assurance Engagements”? Watch our recorded webinar for more information.
September 21, 2023
Document for Comment, News
The AASB is seeking Canadian input on its new Exposure Draft, “Proposed CSSA 5000, General Requirements for Sustainability Assurance Engagements.” Submit your general questions and comments on the Exposure Draft by November 6, 2023, and your feedback on the Canadian amendment and potential additional Canadian amendments by December 31, 2023. Read the Exposure Draft to learn more.
September 15, 2023
On August 22, 2023, the Board submitted a response letter to the IAASB’s Exposure Draft, Proposed International Standard on Auditing 570 (Revised) Going Concern. Read our response letter to learn about the matters we raised to the IAASB for further consideration.
September 12-13, 2023
Meeting Summary, Webpage
The Board unanimously approved Canadian revisions to its project on Listed Entity/Public Interest Entity Track-1, received an update on Listed Entity/Public Interest Entity Track-2 project, discussed IAASB issues on Audit Evidence, Fraud, and more. Read the Decision Summary for full details.
August 31, 2023
Read these top 5 frequently asked questions as both a reminder and update in advance of coming decisions related to the IRCSS’ Final Report – decisions that will pave the way forward for standard setting in Canada for years to come.
August 15, 2023
Meeting Summary
The Board reviewed a draft response letter to the IAASB’s Exposure Draft, ISA 570, Going Concern and discussed comments received on the AASB’s Exposure Draft of CAS 570, Going Concern. Read the decision summary for more details.