At its meeting on September 16-18, 2015, the AASB reviewed comments received from Canadian stakeholders on its Re-exposure Draft. Respondents indicated support for the Re-exposure Draft; however, they made various suggestions for changes to proposed CSRE 2400. Key views expressed by respondents where changes were suggested were discussed by the AASB and include the following: (i) the need for more specific guidance about the nature and extent of procedures to be performed between the date of the financial statements and the date of the practitioner’s report; (ii) whether a requirement or application material addressing dual-dating of the practitioner’s report should be added; (iii) adding definitions of the terms “fair presentation framework” and “compliance framework”; and (v) adding a sample management representations letter. The AASB expects to approve a final standard at its November 2015 meeting.

Review the Decision Summary on the AASB's Web Site.