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The Basis for Conclusions provides information on how the Auditing and Assurance Standard Board (AASB) dealt with significant matters raised during the Exposure Draft process. The Basis for Conclusions related to Canadian Auditing Standards (CASs) and to the Canadian Standard on Quality Control (CSQC) focus on how the Board dealt with comments related to possible amendments to the wording of the international standards in finalizing the Canadian standards. The Basis for Conclusions for these standards also provides a link to the corresponding documents developed by staff of the International Auditing and Assurance Standards Board (IAASB).
Six Canadian Auditing Standards were developed and approved prior to the Board changing its policies and procedures to require a Basis for Conclusion for each approved standard. The Board decided that it was not practical to implement these policies and procedures retroactively. However, corresponding International Standards on Auditing (ISA) Basis for Conclusions are available on the IAASB website. Basis for Conclusions The Basis for Conclusions for the ISAs corresponding to the six CASs for which no AASB Basis for Conclusions were developed are available below. |