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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 discussed comments received on the Exposure Drafts of the following proposed Canadian Auditing Standards: | — | CAS 501, Audit Evidence – Additional Considerations for Specific Items | | — | CAS 520, Analytical Procedures |
and the AASB’s draft responses to the IAASB Exposure Drafts redrafting ISAs 501 and 520.
The AASB reviewed and approved the following final Handbook material (effective for audits of financial statements for periods beginning on or after December 15, 2009): | — | CAS 540, Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures | | — | CAS 560, Subsequent Events | | — | CAS 580, Written Representations |
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