At its meeting on April 20, 2020, the AASB reviewed the final revisions to Canadian standards resulting from conforming amendments to the IAASB standards, as a result of the revised IESBA Code. The Board expects to approve the revisions by offline ballot by the end of April 2020. Once the Auditing and Assurance Standards Oversight Council confirms that the AASB followed due process with proper regard for the public interest, it is expected that the revisions will be issued and effective in the CPA Canada Handbook – Assurance update in July 2020.

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

At its meeting on April 20, 2020, the AASB unanimously approved an Exposure Draft of revisions to Canadian Auditing Standard (CAS) 600, Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors). The Exposure Draft is based on the IAASB’s exposure draft of proposed revisions to International Standard on Auditing (ISA) 600. The Exposure Draft is expected to be issued in early May 2020, with a comment deadline of September 4, 2020.

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