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Chartered Accountants of Canada Auditing and Assurance Standards Board / Conseil des normes de vérification et de certification

Auditing and Assurance Standards Board
Decision Summary
December 17, 2007

 

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

Projects to develop material that will be included in the future Handbook

Preface to the Canadian Standards on Quality Control, Auditing, Review, Other Assurance and Related Services
The AASB approved, subject to written ballot, the Exposure Draft.

Projects Related to the Adoption of International Standards on Auditing

The AASB reviewed and discussed comments received on the Exposure Draft of proposed Canadian Auditing Standard 220, Quality Control for an Audit of Financial Statements, and Canadian Standard on Quality Control 1, Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance Engagements, and the AASB’s draft response to the IAASB Exposure Draft revising ISA 220 and ISQC 1.