News Listings

The AASB is investigating the challenges experienced by Canadian practitioners when auditing LCEs. Join the AASB Discussion Group where AASB Principal, Andrea Lee, will be sharing information, asking questions, and moderating discussion to help us understand what you, our stakeholders, need when performing audits of LCEs.

During its conference call, the Council discussed the activities of the AASB. The Council also received an update on the Independence Standing Committee. Read the full report for more information.

The Board discussed the draft responses to the IAASB’s Exposure Draft “Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews.” Read the Summary for full details.

The AASB is currently working on analyzing the feedback received on our Exposure Draft, Compilation Engagements to finalize a new standard. But we need your help to get to the finish line! Join the AASB Discussion Group - Finalizing the new Compilation Engagements standard, where AASB Principal, Svetlana Berger, will be sharing information, asking questions, and moderating discussion to help us get to a final standard that works for you, our stakeholders.

The way we manage our activities and meet challenges is constantly guided by ensuring that we serve the public interest. We do this by effectively responding to the needs of stakeholders. Read about the AASB’s 2018-2019 activities and accomplishments in this year’s Annual Report.

The Board discussed several topics during this two-day meeting including, Identifying and Assessing the Risk of Material Misstatement, Public Sector Auditing Standards, Compilation Engagements, and Quality Management. Read the Decision Summary for full details.

The IAASB has issued a Discussion Paper Audits of Less Complex Entities. Canadian stakeholders are encouraged to submit their comments to the IAASB by September 12, 2019.

AASB Discussion Paper – Audits of Less Complex Entities

The AASB has issued its Discussion Paper that corresponds to the IAASB’s discussion paper on this topic. Stakeholders are encouraged to submit their comments by August 14, 2019.

The IAASB is hosting a series of webcasts to take participants through key aspects of the revised standards on quality management at the firm and engagement level. The webcasts will provide an opportunity for participants to ask questions. Register now to secure your spot.

The Board discussed Compilation Engagements and Reporting on Controls at a Service Organization. Additionally, the Board assessed its performance against targets in its Operating Plan.