During its December 14, 2018, conference call, the AASB unanimously approved amendments to the effective date of paragraph 46 of CAS 700. Paragraph 46 requires disclosure of the engagement partner name in the auditor’s report on financial statements of listed entities. At its meeting on January 24-25, 2019, in light of further information obtained since the December conference call, the Board decided that the amendments to the effective date of paragraph 46 will apply for one year.

Therefore, paragraph 46 will not apply to audits of financial statements for periods ending before December 15, 2019, of entities whose engagement partner name appears on Form AP, Auditor Reporting of Certain Audit Participants, to be filed with the U.S. Public Company Accounting Oversight Board for that engagement. This amendment will allow time for stakeholders to evaluate issues relating to Canadian Generally Accepted Auditing Standards auditor’s reports that are required to be filed with the U.S. Securities and Exchange Commission. Once the Auditing and Assurance Standards Oversight Council confirms that the Board followed due process with proper regard for the public interest, the amendments will be included in a March 2019 Handbook update.

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