Canadian Auditing Standards


Active Projects

Audit Evidence
Audits of Less Complex Entities

IAASB is deliberating feedback received on the 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

Final Handbook material expected to be issued May 2020

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. 


January 15, 2020 News
Volunteer Opportunity – The Auditing and Assurance Standards Board needs you!

Are you interested in working with and debating issues of public interest and assurance with other prominent members of the Canadian business community? If so, we need you! AASOC is seeking a new member to appoint to the AASB. Make sure to apply by February 28, 2020.

January 2, 2020 News
IAASB Update – Enhanced and Modernized ISA 315 for a More Robust Risk Assessment

The International Auditing and Assurance Standards Board (IAASB) released International Standard on Auditing (ISA) 315 (Revised 2019). It is an important part of the IAASB’s efforts to improve global audit quality and keep up with the evolving environment in which businesses operate. It becomes effective for financial statement audits for periods beginning on or after December 15, 2021.

December 23, 2019 News
Auditor Reporting Guide – Reporting implications of Canadian Auditing Standards (4th edition)

The Task Force on Reporting Implications of the Canadian Auditing Standards released a fourth edition of the Auditor Reporting Guide. The revised Auditor Reporting Guide includes a new chapter on Key Audit Matters. Read the Guide for full details.