At its meeting on January 23-24, 2020, the AASB decided to conduct additional consultations to assist it in making an informed decision about the scope of proposed CSQM 1. Staff will conduct these consultations in the spring and early summer of 2020.

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

At its meeting on January 23-24, 2020, the AASB discussed matters related to the adoption of ISRS 4400. Matters discussed included: (i) conforming amendments to Section 7200, Auditor Assistance to Underwriters and Others; and (ii) Canadian amendments to address the fact that Canadian Standard on Quality Control (CSQC) 1, does not apply to related services engagements. The AASB is expected to approve the Canadian equivalent standard of ISRS 4400 at its March 2020 meeting.

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

At its meeting on January 23-24, 2020, the AASB discussed how the Accounting Standards Board’s (AcSB) decision to withdraw Part V of the CPA Canada Handbook – Accounting affects Assurance and Related Services Guidelines AuG-6 and AuG-16. AuG-6 and AuG-16 both refer to Section 4250, Future-oriented Financial Information in Part V of the Handbook. The Board decided to amend the introductions to AuG-6 and AuG-16 to address the changes being made by the AcSB.

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