Canadian Auditing Standards


Active Projects

Auditor Reporting

Final Handbook material issued in June 2017

Auditor Reporting – Key Audit Matter Reporting and Other Considerations  

Exposure Draft issued January 2019

Exposure Draft comment deadline is May 15, 2019.

Audits of Less Complex Entities

SMP outreach – Vancouver consultation in October 2017

SMP outreach – Toronto consultation in November 2018

IAASB Discussion Paper

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. 


May 6, 2019 Meeting Summary
AASB Decision Summary — May 6, 2019 Conference Call

The Board approved an exposure draft of a guideline for Public Sector Auditing Standards and a revised standard for Reporting on Controls at a Service Organization. It also discussed Audits of Less Complex Entities and the IAASB Strategy and Work Program. Read the full Decision Summary for details.

April 26, 2019 News
In-Brief – Feedback from outreach session: barriers to effective and efficient audits of less complex entities

In November 2018, the AASB and CPA Canada hosted an outreach session with practitioners to discuss the barriers to effective and efficient audits of less complex entities. Read more for what we heard.

April 12, 2019 News
IAASB Webcasts for Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews– Register Now

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.