Auditing and Assurance Standards Board

WHAT'S NEW

AASB Meeting Agenda – March 5-6, 2018
February 14, 2018. The Board will discuss a number of topics during this two-day meeting, including Auditing Accounting Estimates, Auditor Reporting, Quality Control, and Compilation Engagements.

AASB Decision Summary – January 25-26, 2018
February 12, 2018. At its recent meeting, the Board addressed a number of topics including, Auditor Reporting, Compilation Engagements, Public Sector Auditing Standards, and Reporting on Controls at a Service Organization.

AASOC Updates Terms of Reference
February 2, 2018. At its November 9-10, 2017 meeting, AASOC approved revised Terms of Reference, which were updated following a joint review of the activities of AASOC and AcSOC. The Terms of Reference of both Councils are now more closely aligned and reflect current oversight procedures.

We heard you Vancouver!
January 10, 2018. In October 2017, the Board went to Vancouver, where it hosted two outreach sessions with local stakeholders on issues affecting auditing and assurance standards. Read more for what we heard.

AASB Meeting Agenda – January 25-26, 2018
January 3, 2018. The Board will discuss a number of topics during this two-day meeting, including Auditor Reporting, Compilation Engagements, Public Sector Auditing Standards, and the 2018-2019 operating plan.

AASB Decision Summary – December 4-5, 2017
December 18, 2017. At its recent meeting, the Board addressed a number of topics including, Auditing Accounting Estimates, Auditor Reporting, Quality Control, Compilation Engagements, and Compliance Reporting.

Media Release – AASOC Announces New AASB Chair
November 24, 2017. Ken Charbonneau, FCPA, FCA, ICD.D, was appointed by AASOC as the new AASB Chair, effective April 1, 2018. Recently retired from KPMG as Partner, Assurance, Ken has more than 40 years of business experience to bring to his new role.

AASB Meeting Agenda – December 4-5, 2017
November 14, 2017. The Board will discuss a number of topics during this two-day meeting including Auditing Accounting Estimates, Auditor Reporting, Quality Control, Compilation Engagements, and the 2018-2019 operating plan.

Canadian Accountant Article – Canadian Accountants Prepare for Reporting Key Audit Matters
November 13, 2017. Read this article for an update on the new information auditors will need to include in audit reports. Darrell Jensen, AASB Chair, talks key audit matters, next steps and what Canadian stakeholders had to say.

Monitoring Group Consultation Paper – Strengthening the Governance and Oversight of the International Audit-related Standard-setting Boards in the Public Interest
November 13, 2017. The Monitoring Group issued a consultation paper that sets out options that have the potential to dramatically reform the global audit standard-setting process. Canadian stakeholders are encouraged to respond by February 9, 2018.

AASB Decision Summary – October 16-18, 2017
November 6, 2017. At its recent meeting, the Board addressed a number of topics including Auditing Accounting Estimates, Auditor Reporting, Agreed-upon Procedures and Compilation Engagements.

In Brief – AASB’s Launch of Field Testing on a Proposed Auditing Standard
October 26, 2017. The AASB launched a new consultation activity focused on field testing the Exposure Draft, Auditing Accounting Estimates and Related Disclosures. This provides an overview of that field testing activity.

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