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CPA Magazine Standards Speak – The Adoption of International Auditor Reporting Standards

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Sep 04, 2015

On September 4, 2015, CPA Canada released an article in which the Auditing and Assurance Standards Board (AASB) Chair, Cathy MacGregor, explains the implications of coming new and revised auditor reporting standards and the importance of stakeholder input to the AASB.

The AASB will be adopting International Standards on Auditing (ISA) as Canadian Auditing Standards (CAS) dealing with auditor reporting on:

  • audited financial statements — new and revised auditor reporting standards and related conforming amendments; and
  • the auditor’s responsibilities relating to other information (ISA 720).

The coming changes to auditor reporting are significant and affect not only auditors but also preparers, audit committees and investors.

Review the article on the CPA Canada's Web Site.

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