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

Date recorded:

At its meeting on September 12-13, 2016, the AASB reviewed revisions resulting from comments received on exposure of its proposed standard CSAE 3530, Reports on Compliance with Agreements, Statutes and Regulations, and discussed issues including: (i) a revised title for the new standard; (ii) the scope of the standard, including material on engagements that have aspects of reporting on financial information as well as reporting on compliance; (iii) terminology used to describe the entity’s responsibility regarding compliance; and (iv) the wording of the practitioner’s conclusion.

The AASB will continue to discuss these and other issues, including a proposed standard on direct compliance engagements, at its next meeting.

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

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