Canadian Auditing Standards

Plain Language Resources

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April 12, 2019

Resource

In-Brief Podcast Script – The New Approach to Quality Management and How it Can Benefit You

This podcast script provides a plain and simple overview of the components of the system of quality management, and how the new risked-based approach in ISQM 1 can benefit you. Download the script to read the full details.

April 12, 2019

Resource

In-Brief Podcast – The New Approach to Quality Management and How it Can Benefit You

This podcast provides a plain and simple overview of the components of the system of quality management, and how the new risked-based approach in ISQM 1 can benefit you. Listen to the podcast for full details.

April 12, 2019

Resource

In-Brief Podcast Script – Key highlights of the AASB’s Exposure Draft on Quality Management at the Firm and Engagement Level

This podcast provides a plain and simple overview of the key highlights of the AASB’s Exposure Draft on Quality Management at the Firm and Engagement Level. Download the script to read the full details.

April 12, 2019

Resource

In-Brief Podcast – Key highlights of the AASB’s Exposure Draft on Quality Management at the Firm and Engagement Level

This podcast provides a plain and simple overview of the key highlights of the AASB’s Exposure Draft on Quality Management at the Firm and Engagement Level. Listen now for full details.

March 29, 2019

Basis for Conclusions

Basis for Conclusions – Reporting on Audited Financial Statements

This document summarizes the process the AASB followed in making revisions to the effective date of paragraph 46 of CAS 700, Forming an Opinion and Reporting on Financial Statements. Read the Basis for Conclusions for full details.

March 29, 2019

Resource

Video – Communicating Key Audit Matters in the Auditor’s Report

Watch this easy-to-understand video that takes you through the key aspects of AASB’s Exposure Draft, Communication of Key Audit Matters in the Auditor’s Report. Ensure you get your response on this important topic to the AASB by May 15, 2019!

March 1, 2019

Basis for Conclusions

Basis for Conclusions – Auditing Accounting Estimates and Related Disclosures

This document summarizes the process the AASB followed in making revisions to CAS 540, Auditing Accounting Estimates and Related Disclosures. Read the Basis for Conclusions for full details. CAS 540 contains no amendments to the ISA wording.

February 11, 2019

Resource

In Brief Podcast – The impact of the AASB’s Exposure Draft on Reporting on Controls at a Service Organization on Practitioners reporting in both Canada and the United States

This script provides a plain and simple overview, in light of the recently released exposure draft, of key considerations for practitioners required to report on controls at a service organization under both Canadian and U.S. standards.

February 11, 2019

Resource

In Brief Podcast – The impact of the AASB’s Exposure Draft on Reporting on Controls at a Service Organization on Practitioners reporting in both Canada and the United States

This Podcast provides a plain and simple overview, in light of the recently released exposure draft, of key considerations for practitioners required to report on controls at a service organization under both Canadian and U.S. standards.

January 22, 2019

Resource

Auditor Reporting Guide – Reporting implications of Canadian Auditing Standards (2nd edition)

The purpose of this publication is to promote consistency in the form and content of practitioners' reports by providing guidance with respect to commonly occurring circumstances. This guide does not amend or override auditing or review standards, the texts of which alone are authoritative, nor does it necessarily address all audit reporting changes resulting from the Canadian Auditing Standards.