Canadian Auditing Standards


Active Projects

Auditor Reporting

Final Handbook material issued in June 2017

Auditor Reporting – Key Audit Matter Reporting and Other Considerations  

The AASB is deliberating feedback received on the Exposure Draft.

Audits of Less Complex Entities

Discussion Paper issued June 2019

Discussion Paper comment deadline is August 14, 2019

Group Audits

The Exposure Draft is currently being developed

The IAASB approved project proposal in December 2016

Identifying and Assessing the Risks of Material Misstatement

Feedback considered and an AASB response letter developed on the IAASB Exposure Draft

CPA Canada Handbook

The CPA Canada Handbook – Assurance contains all the Canadian Auditing Standards (CASs), adopted from International Standards on Auditing (ISAs) set by the International Auditing and Assurance Standards Board and endorsed by the AASB. Its available in print and online. 


August 6, 2019 News
AASB Response – Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews

The Board submitted four comment letters responding to the IAASB’s Exposure Drafts for “Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews,” including, proposed International Standard on Quality Management (ISQM) 1; proposed ISQM 2, and proposed ISA 220 (Revised). Read the comment letters for full details.

July 15, 2019 News
Volunteer Opportunity – Evolution of Audit Evidence

The Auditing and Assurance Standards Board (AASB) is looking for individuals familiar with new information sources used in the audit evidence gathering process to be members of our Audit Evidence Advisory Group. Read more about the opportunity we have available and apply by August 31, 2019.

July 11, 2019 News
Join us! AASB Discussion Group – Understanding the Challenges of Auditing Less Complex Entities

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.