At its meeting on January 23, 2023, the AASB discussed issues related to the project to develop a new Canadian Standard on compilations of future-oriented financial information that will replace AuG-16. Key issues included: the definitions of “forecast,” “hypotheses,” and “projection”; the definition of “pro-forma financial information”; and the scope of the proposed new standard.

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

At its meeting on January 23, 2023, the AASB reviewed and unanimously approved a Canadian Project Proposal for a sustainability assurance standard, adopted concurrently from the ISSA 5000, General Requirements for Sustainability Assurance Engagements, as an Other Canadian Standard. Key issues included: the project’s scope, public interest considerations, and risk assessment; the limited circumstance where the AASB can make amendments to the international standard (i.e., the amendment criteria); the relationship of the proposed Canadian Standard on Sustainability Assurance (CSSA) 5000 with other Canadian standards; the Board’s influence in drafting the international standard; and the project’s timeline, resources, and communications plan. 

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