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AASB Decision Summary – November 30–December 1, 2015 - Standards for Review Engagements

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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 unanimously approved Canadian Standard on Review Engagements (CSRE) 2400, Engagements to Review Historical Financial Statements. The AASB concluded that changes made in finalizing the CSRE were not significantly different from the proposals in the Re-exposure Draft and, therefore, no re-exposure is necessary. The revisions will be effective for reviews of financial statements for periods ending on or after December 14, 2017 and will be reflected in an April 2016 Handbook update. Early adoption of CSRE 2400 will not be permitted.

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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.