Special Reports — Assurance on Compliance with Agreements, Statutes and Regulations - AASB
At its meeting on October 16-18, 2017, the AASB reviewed revisions resulting from comments received on the re-exposure of proposed CSAE 3530, Special Considerations — Attestation Engagements to Report on Compliance, and CSAE 3531, Special Considerations — Direct Engagements to Report on Compliance. Key comments discussed included: (i) the reporting requirements relating to: (a) the informative summary of the work performed; and (b) the statement that the engagement is not a legal analysis; (ii) the requirement to obtain management acknowledgement that the criteria and significant interpretations developed for the engagement are appropriate; (iii) the use of subtitles in the illustrative reports; and (iv) aggregating instances of non-compliance.
The Board will continue to discuss these and other issues at its next meeting.
Review the executive summary on the AASB's Web site.