Update of Public Sector Auditing Standards - AASB
Date recorded:
At its meeting on June 8-9, 2015, the AASB considered the Sections in the CPA Canada Handbook – Assurance dealing with the special circumstances that may apply to the audits of public sector entities and whether these Sections should be revised or withdrawn. The AASB tentatively concluded that there is evidence of a need to retain and update some of these standards. The AASB asked that a project proposal setting out an approach to review and update the standards be presented to the AASB for approval at its September 2015 meeting.
Review the executive summary on the AASB's Web site.