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At its September 9, 2026, meeting, the AASB discussed key developments in Canadian and international auditing and assurance standard setting. Discussions included the proposed way forward following the IAASB’s post-implementation review of International Standard on Auditing (ISA) 540 (Revised), Auditing Accounting Estimates and Related Disclosures, key issues in the targeted standards in the ISA 500 series project, and the IAASB’s Technology Quality Management Guides. Read the decision summary for full details.

Explore our three-part “Audit Insights” series on testing journal entries in audits of less complex entities. Learn why journal entry testing is needed, how to determine the completeness of the population of journal entries, and how to effectively perform journal entry testing.

The AcSB is seeking feedback on its Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations,” including our proposals to: identify and assess relationships with related and controlled entities; enhance definitions of control and significant influence; and strengthen disclosure requirements for users to better understand these relationships. Read more and submit your comments by February 26, 2027.

The AcSB wants your views on our proposed improvements to Section 4450, including a new control model to evaluate relationships between NFPOs, changes to the definition of “significant influence,” clarification of relationships with profit-oriented enterprises, and an enhanced disclosure framework. Read our In Brief for an overview of key proposals and more on how you can respond.

The AASB is seeking feedback on proposed revisions to CAS 330, CAS 500, and CAS 520, based on the IAASB’s proposals. Share your views and help shape Canadian auditing standards by November 2, 2026. 

The International Auditing and Assurance Standards Board issued its Exposure Drafts proposing revisions to International Standard on Auditing (ISA) 330 (Revised), The Auditor's Responses to Assessed Risks; ISA 500, Audit Evidence; and ISA 520, Analytical Procedures.

The proposed changes aim to strengthen the risk-based audit framework, including how auditors assess and respond to risk, evaluate audit evidence, and apply professional skepticism. They also aim to improve alignment across the audit process and support innovation while remaining principles based. Review the Exposure Drafts and submit your comments to the IAASB by December 15, 2026. 

On March 26, 2026, the International Sustainability Standards Board (ISSB) issued the Exposure Draft, “Proposed amendments to the SASB Standards and IFRS S2 Industry-based Guidance.” The CSSB invites Canadian feedback on the proposed amendments to inform our response to the ISSB. Learn how to share your views with the CSSB by June 19, 2026. 

On March 26, 2026, the International Sustainability Standards Board issued the Exposure Draft, “Proposed amendments to the SASB Standards and IFRS S2 Industry-based Guidance.” The Canadian Sustainability Standards Board invites First Nations, Métis, and Inuit Peoples to provide feedback on the proposed amendments, including the Indigenous Rights and Community Relations disclosure metric, to inform our response to the ISSB. Learn how to share your views by June 19, 2026.

The CSSB submitted its response letter to the ISSB on proposed amendments to the SASB Standards and IFRS S2 Industry-based Guidance, informed by feedback from more than 130 interested and affected parties across Canada. Read the response letter for more details.

Do you have questions about how to determine when there is a change in the carrying amount of productive biological assets managed on a collective basis? Read our non-authoritative resource, which is intended to support the application of Section 3041.