News Listings

Help the AASB address issues and challenges related to modernizing several International Standards on Auditing (ISAs). We want to revise these standards to reflect how advancements in technology are affecting auditors’ work. Our new Audit Evidence and Risk Response Advisory Group will explore ISA 330, The Auditor's Responses to Assessed Risks; ISA 500, Audit Evidence; and ISA 520, Analytical Procedures. Don’t miss your chance to be a part of this exciting work! Apply by January 31, 2025.

Short on time but want to know how this change impacts you as a practitioner, a user of FOFI or pro forma, management, or a staff member charged with governance? Read our educational guide for more details! 

The IAASB approved International Standard on Sustainability Assurance (ISSA) 5000, General Requirements for Sustainability Assurance Engagements. Find out what’s next for sustainability assurance in Canada.  

Calling all practitioners! We need your expertise to shape the future of CSRS 4250. Join us in field-testing selected requirements from our new Exposure Draft. Your insights are crucial as we determine whether our proposals are both implementable and understandable. Be part of the standard’s development and help us ensure we meet your needs. Don't miss your opportunity to contribute! Register by October 18, 2024, to make your voice heard.

Our new Exposure Draft, “Proposed CSRS 4250, Compilation Engagements on Future-oriented Financial Information and Pro Forma,” is out now, and we want to hear your views! Your feedback is integral to our consultation process and will help us determine the next steps as we advance our project. Don’t miss your opportunity to have your voice heard. Respond to our proposals by January 7, 2025.

The AASB discussed IAASB’s topics on Fraud, Going Concern, Integrated Project, Listed Entity/Public Interest Entity Track-2, Technology Position, Canadian projects on Audits of Less Complex Entities, and Sustainability Assurance, as well as the AASB’s Engagement Process and Strategic Plan.

Become a member of the Auditing and Assurance Standards Board. Contribute to Canadian standards, gain professional insights, and engage with a diverse community. Apply by September 13, 2024.

The Independence Standing Committee’s (ISC) Exposure Draft outlines its proposals to revise the definition of “public interest entity” (PIE) in the Canadian Independence Standards (CIS), to align more closely with the IESBA Code. Final changes to the CIS may impact our Listed Entity and PIE project. Respond directly to the ISC by September 30, 2024, and have your say.

Auditing and Assurance Standards Oversight Council met on June 13, 2024, to discuss the Auditing and Assurance Standards Board’s activities and related matters. Read the full report for more information.

The AASB discussed the IAASB’s topics: Going Concern, Listed Entity/Public Interest Entity Track 2, Sustainability Assurance, and Technology Position. It discussed Canadian topics: Audits of Less Complex Entities and Compilations of Future-oriented Financial Information. Read the decision summary for full details.