Revisions to the Joint Policy Statement– AASB
At its meeting on November 28-29, 2022, the AASB discussed issues related to this project. Key issues included: the changes made to the JPS since exposure; the matters raised from the outreach engagement process; and any re-exposure considerations. The AASB decided that re-exposure is not necessary. The AASB unanimously approved the revised JPS. The Canadian Actuarial Standards Board is expected to approve the JPS at its meeting in December 2022. The AASB expects the final JPS to be available on its website in February 2023 and issued in the Handbook in March 2023, once the Auditing and Assurance Standards Oversight Council (AASOC) confirms the Board followed due process with proper regard for the public interest.
Review the Executive Summary on the AASB's Web site.