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AASB Decision Summary – November 30–December 1, 2015 - Association

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Dec 15, 2015

On December 15, 2015, the Auditing and Assurance Standards Board (AASB) released an executive summary of discussions and decisions with respect to the topics addressed at this meeting.

At its meeting on November 30 - December 1, 2015, the AASB reviewed comments received from Canadian stakeholders on its Exposure Draft of proposed Canadian Standard on Association (CSOA) 5000, Association. Issues raised by respondents and discussed by the AASB included:

  • clarifying how the proposed standard addresses information in another language issued by the entity;
  • whether the practitioner should be encouraged to obtain management’s agreement to request the practitioner’s consent before using the practitioner’s name or communication;
  • clarifying the relationship between proposed CSOA 5000 and other standards that deal with accompanying information; and
  • what the effective date of the proposed standard should be.

The AASB will decide whether the proposed CSOA 5000 will be re-exposed at its January 2016 meeting.

Review the executive summary on the AASB's Web site.

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