Key Audit Matter Reporting – AASB

Date recorded:

At its meeting on June 10-11, 2019, the AASB discussed key issues that stakeholders raised on the Exposure Draft, including: (i) the unique regulatory environment of entities that comply with National Instrument 81-106, Investment Fund Continuous Disclosure; (ii) the benefits and challenges of key audit matter (KAM) reporting for other listed entities and investment funds; and (iii) the proposed effective date. The AASB also discussed academic research that was conducted during the exposure period to identify whether there are benefits to KAM reporting for users of TSX-V financial statements.

The Board expects to approve final Handbook material at its September 2019 meeting.

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

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