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Audits of Less Complex Entities – AASB

Date recorded:

At its meeting on May 5, 2021, the AASB discussed the way forward in Canada related to the anticipated IAASB Exposure Draft of a proposed standard for audits of less complex entities. The AASB decided it would issue a Canadian discussion paper to obtain stakeholder feedback on the proposals in the IAASB’s Exposure Draft and other possible options the AASB could explore to address the public interest issues. The IAASB is expected to issue its Exposure Draft in July 2021. The AASB will issue its discussion paper soon thereafter.

Review the Executive Summary on the AASB's Web site.

Correction list for hyphenation

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