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Message from the Chair – Extension of the Comment Deadline for the Auditor Reporting Invitation to Comment

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Nov 05, 2015

On November 5, 2015, the Auditing and Assurance Standards Board’s Chair, Cathy MacGregor, released a message where she explains why the comment deadline for the Invitation to Comment, “Implementation Considerations for New Auditor Reporting Standards” was extended to February 5, 2016.

The extended deadline will allow sufficient time for respondents to also consider proposals related to the AASB’s exposure draft of proposed CAS 720, The Auditor’s Responsibilities Relating to Other Information. By aligning the new comment deadline on the Invitation to Comment with that of the CAS 720 exposure draft, stakeholders will be able to reflect on issues common to both proposals that may affect the auditor’s report.

This extension of the comment deadline also provides the AASB staff additional time to conduct consultation and outreach sessions on the new auditor reporting standards. Consultation and outreach sessions are well underway on these standards, and further outreach is planned.

Read the full message on the AASB's Web site.

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