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.

One current project being monitored is the International Auditing and Assurance Standards Board’s (IAASB) two-phase project on EER to draft and publish guidance for practitioners applying International Standard on Assurance Engagement (ISAE) 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Information, to EER assurance engagements. 

Staff Contact(s)

Andrea Lee, CPA, CA

Principal, Auditing and Assurance Standards Board

Project Status

  • Information gathering

    IAASB Consultation Paper issued February 2019 with comment deadline of June 21, 2019.

  • Approving project
  • Consulting stakeholders
  • Deliberating feedback
  • Final pronouncement

Meeting & event summaries


December 23, 2019

AASB Decision Summary — December 2-3, 2019

The AASB discussed its approach for responding to the IAASB’s document for comment, “Special Considerations in Performing Assurance Engagements on Extended External Reporting.” The IAASB expects to approve this document at its December 2019 meeting.

September 19, 2019

Volunteer Opportunity – Extended External Reporting Advisory Group

The Auditing and Assurance Standards Board (AASB) is looking for individuals familiar with EER reporting frameworks and assurance engagements to be members of our Extended External Reporting Advisory Group. Read more about the opportunity we have available and apply by October 30, 2019.

September 10, 2019

AASB Decision Summary – September 9-10, 2019 Meeting

The AASB discussed its approach to responding to the IAASB’s Exposure Draft on non-authoritative guidance related to Emerging External Reporting, expected to be issued in January 2020.

The AASB decided to form an Advisory Group to support staff and the Board in reviewing and responding to materials issued by the IAASB. The Advisory Group will help identify key issues related to the evolution of audit in response to environmental changes in Canada.

News


December 23, 2019

Meeting Summary

AASB Decision Summary — December 2-3, 2019

The AASB discussed its approach for responding to the IAASB’s document for comment, “Special Considerations in Performing Assurance Engagements on Extended External Reporting.” The IAASB expects to approve this document at its December 2019 meeting.

September 19, 2019

News

Volunteer Opportunity – Extended External Reporting Advisory Group

The Auditing and Assurance Standards Board (AASB) is looking for individuals familiar with EER reporting frameworks and assurance engagements to be members of our Extended External Reporting Advisory Group. Read more about the opportunity we have available and apply by October 30, 2019.

September 10, 2019

Meeting Summary

AASB Decision Summary – September 9-10, 2019 Meeting

The AASB discussed its approach to responding to the IAASB’s Exposure Draft on non-authoritative guidance related to Emerging External Reporting, expected to be issued in January 2020.

The AASB decided to form an Advisory Group to support staff and the Board in reviewing and responding to materials issued by the IAASB. The Advisory Group will help identify key issues related to the evolution of audit in response to environmental changes in Canada.

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.