Reporting on Controls at a Service Organization – AASB

Date recorded:

At its meeting on September 13-14, 2018, the AASB discussed issues related to its project to revise Canadian Standard on Assurance Engagements (CSAE) 3416, Reporting on Controls at a Service Organization, and the exposure draft highlights memorandum. Issues discussed included:

  • the consistency between revised CSAE 3416 and other subject-matter-specific standards; and
  • areas where proposed CSAE 3416 requirements differ from those in the American Institute of Certified Public Accountants equivalent standard, AT-C Section 320, Reporting on an Examination of Controls at a Service Organization Relevant to User Entities’ Internal Control Over Financial Reporting.

The AASB expects to approve an exposure draft at its October 2018 meeting.

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

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