At its meeting on March 13-14, 2023, the AASB reviewed the feedback received on the Exposure Draft. Key matters discussed included: the outreach activities completed related to the Exposure Draft; the key issues identified by respondents to the proposed changes; and the proposed direction for responses to the IAASB’s Exposure Draft questions. The AASB will review and discuss a draft of its response letter to the IAASB at its April 2023 meeting.

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

At its meeting on March 13-14, 2023, the AASB discussed issues related to the IAASB’s proposed revisions to ISA 570. Key issues discussed included: the IAASB’s proposed draft of ISA 570 (Revised), Going Concern; the conforming and consequential amendments; the exposure period; the effective date; the topics to be included in the IAASB’s explanatory memo; and the outreach plan to engage with interested and affected parties. The IAASB expects to approve an exposure draft at its March 2023 meeting. The AASB would then approve a Canadian exposure draft shortly thereafter.

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

At its meeting on March 13-14, 2023, the AASB discussed issues related to the IAASB’s narrow-scope amendments project to revise the definitions of “listed entity” and “public interest entity,” including proposed revisions to ISA 700 (Revised) and ISA 260 (Revised). Key issues discussed included: the proposed changes to ISA 700 (Revised) and ISA 260 (Revised); and how the IAASB addressed the feedback provided by the AASB in its response letter to the Exposure Draft.

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

At its meeting on March 13-14, 2023, the AASB discussed issues related to the IAASB’s project to develop an ISA for LCEs. The AASB will review and discuss a draft of its response letter to the IAASB Part 10 (Group audits) ED at its April 2023 meeting.

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

At its meeting on March 13-14, 2023, the AASB discussed issues related to the IAASB’s project to develop an ISA on Sustainability Assurance Key issues discussed included: the work performed by other practitioners related to the sustainability assurance engagement; the preconditions for the acceptance of the engagement including the suitability of criteria and meaningful level of assurance; the materiality considerations including qualitative considerations, performance materiality, and aggregation risk; the risks of material misstatement, the response to risks, and the difference between limited and reasonable assurance; other information; and the assurance report.

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