Audit Evidence AASB
At its meeting on October 25, 2022, the AASB discussed issues related to the IAASB’s project to revise ISA 500. Key issues included: the revisions the IAASB made to the proposed changes to ISA 500 in finalizing its Exposure Draft; the conforming and consequential amendments related to ISA 500; the matters related to the Canadian Exposure Draft, including the comment period and fatal-flaw review of the French translation; and a review of the Canadian wrap-around document to be issued as part of the Canadian Exposure Draft. The AASB approved the Exposure Draft, which it expects to issue in late November 2022, with a comment deadline of March 15, 2023.
Review the Executive Summary on the AASB's Web site.