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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 Plans to develop material that will be included in the Handbook that takes effect December 15, 2009 - 7000 Series (Specialized Areas)
- Discussed the proposed scope for the 7000 series of standards.
- Reviewed and approved a project proposal for Section 7500, Auditor Association with Annual Reports, Interim Reports and Other Public Documents
- Other
Independence Standards - Discussed the interrelationship of auditing standards and rules of professional conduct (particularly those relating to auditor independence), and issues related thereto.
Projects Related to the Adoption of International Standards on Auditing - Other
Fair Value Guidance - Discussed the activities of the IAASB’s Task Force to develop non-authoritative guidance on issues related to fair values and the implications for the potential development of non-authoritative guidance in Canada.
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