AASB

News Listings

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April 6, 2020

News

Standard setting during the COVID-19 pandemic

Like you, we are monitoring the COVID-19 pandemic closely and evaluating daily how to respond to, and operate in, this environment. Read this statement from the Chairs of the AASB, AcSB and PSAB to learn how we are continuing our standard-setting operations during this unprecedented time.

April 2, 2020

News

IAASB Consultation Paper – Extended External Reporting (EER) Assurance

The International Auditing and Assurance Standards Board (IAASB) issued its Consultation Paper, Extended External Reporting (EER) Assurance, which proposes non-authoritative guidance to support this evolving area of reporting. Comments are due to the IAASB on July 13, 2020.

April 1, 2020

News

Auditing and Assurance Standards Board – Annual Plan

This Annual Plan sets out the Board’s key activities and project milestones in 2020-2021, helping to achieve the objectives in the last year of its five-year strategic plan. Read the plan for full details.

March 10, 2020

News

Handbook Update – Section 4250, Future Oriented Financial Information to be retained 

Part of the non-authoritative guidance that was removed from Part V on March 1, 2020 was Section 4250, Future Oriented Financial Information. This guidance continues to be relevant to private enterprise financial statement preparers and practitioners, so it will be retained in the Handbook. Read more about this update.

March 9, 2020

News

Appointments – AASOC and the AASB

We are pleased to announce new members and re-appointed members, and thank those retiring, to both the Council and the AASB. See the appointments page for full details.

March 9-10, 2020

Meeting Summary

AASB Decision Summary — March 9-10, 2020

The Board discussed Agreed-upon Procedures, Quality Management, Public Sector Auditing Standards and its Draft Strategic Plan for 2022-2025, among other topics. It also approved its 2020-2021 Annual Plan. Read the Decision Summary for full details.

January 31, 2020

Basis for Conclusions

Basis for Conclusions – Compilation Engagements

This document summarizes the process the AASB followed in issuing CSRS 4200, Compilation Engagements, and the Board’s conclusions regarding significant comments received in response to its Exposure Draft. Read the Basis for Conclusions for full details.

January 31, 2020

Resource

Compilation Engagements – Resources to help you get ready

Learn more about the key features of the new standard on compilation engagements and the resources available to effectively implement this standard and understand the impact of the changes. Go to this page to get the full details.

January 29, 2020

Resource

AASB Video – Compilation Engagements: A new standard

The AASB is issuing a new standard on compilation engagements and its impact will be felt by practitioners, entities of compiled financial information and users. Watch this brief video, featuring the Chair of the AASB, to learn all about it.

January 23-24, 2020

Meeting Summary

AASB Decision Summary – January 23-24, 2020

The Board discussed Agreed-upon Procedures, Quality Management, and its Strategic Plan for 2021-onwards. It also reviewed a second draft of its 2020-2021 Annual Plan. Read the Decision Summary for full details.