Special Reports — Assurance on Compliance with Agreements, Statutes and Regulations - AASB

Date recorded:

At its meeting on November 28-29, 2016, the AASB discussed issues relating to the development of CSAE 3530, Reports on Compliance with Agreements, Statutes and Regulations, including: (i) the scope; (ii) definitions for key terms; (iii) how practitioners apply materiality in a compliance engagement and the nature of guidance; (iv) whether risk assessment should be addressed; and (v) the wording of the practitioner’s conclusion. The AASB will continue to discuss these issues at a future meeting. 

Review the executive summary on the AASB's Web site.

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