AASB

Conforming Amendments to Canadian Standards

Summary

In November 2019, the IAASB issued Exposure Draft, Conforming Amendments to the IAASB International Standards as a Result of the Revised IESBA Code, proposing conforming amendments to IAASB standards as a result of revisions to the International Ethics Standards Board for Accountants (IESBA) International Code of Ethics for Professional Accountants (including Independence Standards) (the IESBA Code).

Staff Contact(s)

Jacqui Kuypers, CPA, CA

Principal, Auditing and Assurance Standards Board

Project Status

  • Information gathering

    IAASB developed and approved Exposure Draft in November 2019

  • Approving project

    Research on Canadian implications completed in December 2019

  • Consulting stakeholders

    Exposure Draft issued January 2020

    Exposure Draft comment deadline March 27, 2020

  • Deliberating feedback
  • Final pronouncement

AASB Exposure Draft - Conforming Amendments to Canadian Standards Resulting from IAASB Conforming Amendments to the IAASB International Standards as a Result of the Revised IESBA Code

The AASB issued an Exposure Draft proposing to adopt with appropriate amendments, proposed revisions to International standards issued by the International Auditing and Assurance Standards Board (IAASB). Stakeholders are invited to comment until March 27, 2020. For full details, visit the Documents for Comment page.

News


January 17, 2020

Document for Comment

AASB Exposure Draft – Conforming Amendments to Canadian Standards Resulting from IAASB Conforming Amendments to IAASB International Standards as a Result of the Revised IESBA Code

The AASB issued an Exposure Draft proposing to adopt, with appropriate amendments, proposed revisions to International standards issued by the International Auditing and Assurance Standards Board (IAASB). Stakeholders are invited to comment until March 27, 2020. For full details, visit the Documents for Comment page.

December 23, 2019

Meeting Summary

AASB Decision Summary — December 2-3, 2019

The AASB received a presentation explaining the IAASB Exposure Draft, “Conforming Amendments to the IAASB International Standards as a Result of the Revised IESBA Code,” including the implications for Canadian standards. The Board expects to approve and issue an exposure draft of limited proposed revisions to Canadian standards by January 2020, with a response deadline of March 27, 2020.

November 21, 2019

News

IAASB Exposure Draft – Conforming Amendments to the IAASB International Standards as a Result of the Revised IESBA Code

The IAASB recently issued an Exposure Draft, Conforming Amendments to the IAASB International Standards as a Result of the Revised IESBA Code. The AASB is considering appropriate revisions to Canadian standards and will issue its own exposure draft in January 2020. Stakeholders are encouraged to respond to the IAASB by January 10, 2020.

Meeting & event summaries


Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.