Canadian Auditing Standards

Exposure Draft – Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors

Summary

The Auditing and Assurance Standards Board (AASB) and the Canadian Actuarial Standards Board (ASB) issued a joint Exposure Draft on the Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors. Submit your comments by September 19, 2022!

Staff Contact(s)

Karen DeGiobbi, CPA, CA Director, Auditing and Assurance Standards Board

+1 416 204 3337

[email protected]

Thank you for responding to the AASB Exposure Draft, Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors.

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AASB and ASB Exposure Draft – Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors

Response Booklet – AASB and ASB Exposure Draft – Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors

Support Materials

Joint Policy Statement (JPS) Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors

In Brief – Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors

Background

The existing Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors (“Statement”) was issued in 2007. Since its issuance, professional standards and practices relating to the determination of financial statement amounts using actuarial calculations and the audit of such amounts have evolved. In September 2021, the AASB approved a joint project with the ASB to consider what changes are necessary for the Statement to continue to be appropriate in the current environment.