Canadian Auditing Standards

Overview

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.

Exposure Draft
Audits of Less Complex Entities

Discussion Paper issued June 2019

Discussion Paper comment deadline is August 14, 2019

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. 

Get the Handbook

News

May 30, 2019 News
IAASB Discussion Paper - Audits of Less Complex Entities

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.

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.