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This summary of decisions of the Auditing and Assurance Standards Board (AASB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects, which might change after further deliberations by the AASB. Decisions to publish exposure draft and Handbook material are final only after a formal ballot process.
For more detailed information about AASB projects, please refer to the project summaries under Projects. |
Canadian-Specific Projects The AASB reviewed comments received on its Exposure Draft of a proposed new Section, An Audit of Internal Control Over Financial Reporting That Is Integrated With an Audit of Financial Statements. The final Handbook Section will be approved by the AASB by written ballot. Projects Related to the Adoption of International Standards on Auditing The AASB reviewed comments received on its Exposure Drafts of the following proposed Canadian Auditing Standards: | — | CAS 510, Initial Audit Engagements – Opening Balances | | — | CAS 530, Audit Sampling |
The AASB also reviewed and provided comments on drafts of letters the AASB is sending to the IAASB in response to its EDs of ISAs 510 and 530.
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