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Minutes of AASOC Meeting – October 22, 2015 - Auditor Oversight

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Jan 22, 2016

On January 22, 2016, the Auditing and Assurance Standards Oversight Council released the minutes of its October 2015 meeting.

At its meeting on October 22, 2015, it was noted that the CSA is continuing to consider the topic of audit committees and their role with respect to audit quality. It does not have many specific requirements imposed on audit committees. The CSA is evaluating whether there would be merit in requiring enhancements to reporting by audit committees of their evaluation of the external auditor. It has heard that one of the benefits of such reporting may be to reinforce auditor reporting of key audit matters. No project has been initiated in this regard.

Review the minutes on the AASOC's Web site.

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