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Other Canadian Standards

Extended External Reporting Assurance

Summary

Extended External Reporting (EER) encompasses various forms of reporting, including, but not limited to, sustainability reporting and other reporting by entities about environmental, social, and governance matters. EER is increasingly being emphasized as multi-faceted information about organizations informs and drives economic and strategic decisions. This expanding need for reliable, high-quality information – beyond historical financial information – is growing the demand for assurance engagements related to these reports.

Staff Contact(s)

Johanna Field, CPA, CA Associate Director, Auditing and Assurance Standards Board

Phone number  +1 416 204 2974
Email address  [email protected]
Karen DeGiobbi, CPA, CA Director, Auditing and Assurance Standards Board

Phone number  +1 416 204 3337
Email address  [email protected]

Project Status

  • Information gathering

    The AASB responded to the IAASB’s Consultation Paper, Extended External Reporting (EER) Assurance on July 13, 2020.

  • Non-authoritative guidance issued

    The AASB issued non-authoritative guidance to support Canadian practitioners’ use of the IAASB’s Non-Authoritative Guidance on Applying ISAE 3000 (Revised) to Sustainability and Other Extended External Reporting Assurance Engagements in Canada, applying Canadian Standard on Assurance Engagements (CSAE) 3000.

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News

January 7, 2022 Resource, Guidance
Frequently Asked Questions – Extended External Reporting (EER)

Looking for answers to common questions about sustainability or environmental, social and governance assurance? Check out these Frequently Asked Questions for all the information you need! We start with basic information, then provide details on performing an assurance engagement on EER.

August 3, 2021 Resource, Guidance
Guidance on sustainability and other extended external reporting assurance engagements in Canada

The AASB has issued non-authoritative guidance to support Canadian practitioners’ use of the IAASB’s Non-Authoritative Guidance on Applying ISAE 3000 (Revised) to Sustainability and Other Extended External Reporting Assurance Engagements in Canada, applying Canadian Standard on Assurance Engagements (CSAE) 3000.

May 6, 2021 International Activity
New IAASB guidance to support extended external reporting assurance engagements

The IAASB published its Non-Authoritative Guidance on Applying ISAE 3000 (Revised) to Extended External Reporting (EER) Assurance Engagements. The guidance responds to ten key stakeholder-identified challenges commonly encountered in applying International Standard on Assurance Engagements 3000 (Revised).

Meeting & event summaries

October 29, 2021 AASB Decision Summary – October 15 and 18, 2021

The AASB received an update on the development of extended external reporting (EER) reference materials to support the Board’s EER guidance issued in August 2021. The update discussed the nature of the content and where it would be best located for practitioners.

July 15, 2021 AASB Decision Summary – July 15, 2021

The AASB provided input on a draft supporting document that will be issued to assist Canadian practitioners in using the IAASB’s “Non-Authoritative Guidance on Applying ISAE 3000 to Extended External Reporting (EER) Assurance Engagements.” This is for engagements performed under Canadian Standard on Assurance Engagements (CSAE) 3000, Attestation Engagements Other than Audits or Reviews of Historical Financial Information.

The AASB expects to issue the supporting document in the fall of 2021.

June 29, 2021 AASB Decision Summary – June 7-8, 2021

The AASB discussed the way forward in Canada for applying the IAASB’s “Non-Authoritative Guidance on Applying ISAE 3000 (Revised) to Extended External Reporting (EER) Assurance Engagements.”

The AASB decided to issue the IAASB non-authoritative guidance as AASB guidance. The non-authoritative guidance will be accompanied by a supporting document outlining the limited differences in applying Canadian Standard on Assurance Engagements 3000, Attestation Engagements Other than Audits or Reviews of Historical Financial Information, compared to International Standard on Assurance Engagements 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information.

The supporting document, linking to the non-authoritative guidance, is expected to be issued in August 2021.

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.