News Listings

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.

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.

At its March 9–10, 2026, Board meeting, the AASB approved CSSA 5000, General Requirements for Sustainability Assurance Engagements. CSSA 5000 is an overarching standard that sets out requirements and application material for the entire sustainability assurance engagement, for both reasonable and limited assurance, and applies to all types of sustainability information, regardless of how that information is presented. CSSA 5000 is effective for assurance engagements on sustainability information reported for periods beginning on or after December 15, 2027, or as at a specific date on or after December 15, 2027. The standard was issued in the CPA Canada Handbook – Assurance on May 1, 2026.

RASOC is pleased to announce the appointments and reappointments for the AASB, the AcSB, the CSSB, PSAB, and the Oversight Council. We also thank retiring members for their dedicated service. Read the appointments page for full details.

The 2026-2027 Annual Plan outlines the AASB’s planned work and priorities for the upcoming year. Read about our key activities and how we will advance our strategic goals.

At its March meeting, the AASB approved two new Canadian standards: CSRS 4250, Compilation Engagements on Future-oriented Financial Information (FOFI) and Pro Forma, and CSSA 5000, General Requirements for Sustainability Assurance Engagements. The Board also approved its 2025–2026 Performance Assessment and 2026–2027 Annual Plan and discussed several significant standard-setting initiatives currently underway. Read the decision summary for full details.

The Auditing and Assurance Standards Board has summarized feedback on its Re-exposure Draft on Indigenous Matters in CSSA 5000. The summary highlights who we heard from, what themes stood out in the feedback, and how these perspectives are guiding the next steps. Read the summary for more details.

In October 2025, the Auditing and Assurance Standards Board and the International Auditing and Assurance Standards Board held a Technology Quality Management roundtable in Toronto to discuss emerging technologies in audit and assurance engagements. Read the insights from the roundtable.