AASB Decision Summary – October 15 and 18, 2021

Start date:

End date:

Location: Toronto

In November 2021, the Auditing and Assurance Standards Board (AASB) released an executive summary of discussions and decisions with respect to the topics addressed at this meeting.

The following topics were discussed at this meeting:

Canadian Standards on Quality Management

  • Quality Management – Conforming Amendments

Assurance and Related Services Standards (Other than CASs)

  • Evolution of Assurance
  • Future-oriented Financial Information (FOFI)


  • AASB Processes – Consideration of the International Auditing and Assurance Standards Board’s (IAASB) Framework for Activities
  • Complexity, Understandability, Scalability, and Proportionality
  • Emerging Issues
  • International Ethics Standards Board for Accountants’ (IESBA) Public Interest Entity Definition

Technology Framework

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

Related Topics

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