Agreed-Upon Procedures – AASB

Date recorded:

At its meeting on March 9-10, 2020, the AASB unanimously approved CSRS 4400, including the related conforming amendments to other standards. CSRS 4400 will replace Section 9100 and Section 9110. The AASB unanimously agreed that re-exposing Canadian amendments is not necessary because the amendments relate to applying the quality control standards in Canada to agreed-upon procedure engagements. The nature and reasons for such amendments are established in the Preface of the CPA Canada Handbook – Assurance, and do not affect a practitioner’s compliance with CSRS 4400. Accordingly, the Board concluded that re-exposure would not result in any new information and is not necessary.

CSRS 4400 will be effective for agreed-upon procedures engagements for which the terms of engagement are agreed to on or after January 1, 2022. Once the AASOC confirms that the AASB followed due process with proper regard for the public interest, it is expected that CSRS 4400 will be issued to the CPA Canada Handbook – Assurance in July 2020.

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

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