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Audits of less complex entities – AASB

Date recorded:

At its meeting on September 9-10, 2019, the AASB discussed its draft response to the IAASB’s Discussion Paper. The Chair and Director will review the final letter prior to submission. The AASB also decided to form an Advisory Group to support staff and the Board on the Audits of Less Complex Entities project. The Advisory Group will help identify key issues related to audits of less complex entities in the Canadian environment and provide input to the AASB on proposals developed by the IAASB as this project evolves.

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

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