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Quality Control - AASB

Date recorded:

At its meeting on May 3, 2018, the AASB discussed the International Auditing and Assurance Standards Board’s (IAASB) project to revise International Standard on Quality Control (ISQC) 1, Quality Control for Firms That Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements. The Board agreed that staff would perform limited consultations prior to the release of the IAASB’s exposure draft, which is expected in the fall of 2018. These limited consultations will help the Board identify Canadian-specific issues related to the IAASB’s proposals.

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

Correction list for hyphenation

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