At its meeting on January 25-26, 2018, the AASB reviewed a preliminary draft of revised Section 7170, Auditor's Consent to the Use of the Auditor's Report Included in a Business Acquisition Report, which is being amended to include certain material from Section 7500, Auditor’s Consent to the Use of the Auditor’s Report in Connection with Designated Documents. The Board directed the Securities Regulation Advisory Group working on this project to perform further research on whether interim review engagement reports and auditor’s consents should be required to be provided in writing in all cases. The Board will continue to discuss these and other issues at future meetings.

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