Canadian Auditing Standards

Effective Dates for New Standards

This summary of recently issued Auditing and Assurance Standards Board (AASB) pronouncements has been prepared for information purposes only. Consequential amendments to existing standards resulting from the issuance of new standards and less significant changes to existing standards are not included below. Reference should be made to official Handbook material for the text of final AASB pronouncements.
Pronouncement Effective for
December 15, 2020
CAS 700, Forming an Opinion and Reporting on Financial Statements, paragraphs C30 and C40C(c)
Audits of complete sets of general purpose financial statements of entities listed on the Toronto Stock Exchange, other than entities required to comply with National Instrument 81-106, Investment Fund Continuous Disclosure.
December 15, 2019
 CAS 540, Auditing Accounting Estimates and Related Disclosures
Audits of financial statements for periods beginning on or after December 15, 2019.
CAS 700, Forming an Opinion and Reporting on Financial Statements, paragraph 46
Audits of financial statements of entities that file an annual report or registration statement with the U.S. Securities and Exchange Commission when the engagement partner name appears on Form AP, Auditor Reporting of Certain Audit Participants, to be filed with the U.S. Public Company Accounting Oversight Board for that engagement.
December 15, 2018:

CAS 250, Consideration of Laws and Regulations in an Audit of Financial Statements

Audits of financial statements for periods ending on or after December 15, 2018.
CAS 260, Communication with Those Charged with Governance
CAS 570, Going Concern

 CAS 700, Forming an Opinion and Reporting on Financial Statements

 CAS 701, Communicating key audit matters in the independent auditor’s report

CAS 705, Modifications to the Opinion in the Independent Auditor’s Report
CAS 706, Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report

 CAS 720, The Auditor’s Responsibilities Related to Other Information

CAS 800, Special Considerations – Audits of Financial Statement Prepared in Accordance with Special Purpose Frameworks
CAS 805, Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statements
CAS 810, Engagements to Report on Summary Financial Statements