Updated Guidance for Performance Audits in the Public Sector – AASB
Date recorded:
At its meeting on March 9-10, 2020, the AASB approved AuG-50.The AASB unanimously agreed that re-exposing AuG-50 is not necessary because all changes were made in response to comments raised on exposure and there was extensive outreach with key stakeholders on the changes proposed in the Exposure Draft. Once AASOC confirms that the AASB followed due process with proper regard for the public interest, it is expected that AuG-50 will be issued and effective in the CPA Canada Handbook – Assurance in July 2020.
Review the executive summary on the AASB's Web site.