News Listings

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.

At the AASB’s January 19, 2026, meeting, the Board completed a final read and resolution of issues prior to the anticipated approval of proposed CSRS 4250, Compilations of Future-oriented Financial Information and Pro Forma. They also discussed planned activities associated with the Board’s continuing work on the amendments related to Indigenous matters in CSSA 5000, General Requirements for Sustainability Assurance Engagements. Read the decision summary for full details.

At its December 2025 meeting, the AASB unanimously approved final narrow-scope amendments to Canadian Auditing Standard 620 and certain Other Canadian Standards. The Board also discussed several international standard-setting initiatives and, through its Emerging Issues Monitoring Process, identified and prioritized key environmental themes. Read the decision summary for full details.

The AASB met to advance key projects, including Canadian standards such as Compilations of FOFI and Pro Forma, Sustainability Assurance, as well as international projects like Audit Evidence and Risk Response. Read the decision summary for full details.