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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. |
Projects Related to the Adoption of International Standards on Auditing - The AASB reviewed and approved Exposure Drafts of proposed Canadian Auditing Standards (CASs) that would either revise and replace current Canadian Handbook Sections, or result in new standards based on the equivalent ISAs. These Exposure Drafts fall into two categories:
- The first category includes Exposure Drafts that are based on IAASB Exposure Drafts that propose to redraft in the clarity format, but not otherwise revise, the following ISAs:
| — | ISA 250, The Auditor’s Responsibilities Relating to Laws and Regulations in an
Audit of Financial Statements | | — | ISA 500, Considering the Relevance and Reliability of Audit Evidence |
- The second category includes an Exposure Draft that is based on an IAASB Exposure Draft that proposes to both redraft in the clarity format, and significantly revise the following ISA:
| — | ISA 200, Overall Objective of the Independent Auditor, and the Conduct of an
Audit in Accordance with ISAs |
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