Other Canadian Standards

Assurance and Related Services Guideline (AuG) 50, Conducting a Performance Audit in the Public Sector in Accordance with CSAE 3001

Summary

The Auditing and Assurance Standards Board (AASB) proposes, subject to comments received following exposure, to issue a new Assurance and Related Services Guideline (AuG) that provides guidance to practitioners conducting performance audits in the public sector. The result would be AuG-50, Conducting a Performance Audit in the Public Sector in Accordance with CSAE 3001.

Staff Contact(s)

Eric Turner, CPA, CA

Director, Auditing and Assurance Standards Board

Background

 In July 2015, the AASB issued Canadian Standard on Assurance Engagements (CSAE) 3000, Attestation Engagements Other than Audits or Reviews of Historical Financial Information, and CSAE 3001, Direct Engagements. These assurance standards apply to the Board’s standards dealing with audits of public sector entities.  The AASB undertook this project to provide guidance for conducting performance audits in the public sector in accordance with CSAE 3001.