Canadian Auditing Standards

Overview

Active Projects

Auditing Accounting Estimates

Final Handbook material expected to be approved in Q4 2018

Auditor Reporting

Final Handbook material issued in June 2017

Auditor Reporting – Key Audit Matter Reporting and Other Considerations  

Research on key audit matter reporting currently underway

Exposure Draft expected to be released Q1 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. 

News


January 14, 2019 News
Keep up to date! Assurance over Key Performance Indicators

See what the AASB and other Canadian stakeholders have been doing to help enhance the trust and credibility of information reported outside of the financial statements.

December 20, 2018 News
Canadian Appointment – Eric Turner announced as new IAASB member

We are proud to share that Eric Turner, Director, AASB was appointed to the International Auditing and Assurance Standards Board (IAASB), effective January 1, 2019. Eric has previously acted as technical advisor to the IAASB’s current Canadian representative, Ron Salole.

November 22, 2018 News
AASB Response – Identifying and Assessing the Risks of Material Misstatement

The Board submitted a comment letter responding to the IAASB’s Exposure Draft, Proposed International Standard on Auditing 315 (Revised), Identifying and Assessing the Risks of Material Misstatement. Read the Board’s response for full details.