AASB Exposure Draft – Identifying and Assessing the Risks of Material Misstatement
Sep 06, 2018
On September 6, 2018, the Auditing and Assurance Standards Board (AASB) issued an Exposure Draft proposing the adoption of ISA 315 (Revised), with appropriate Canadian amendments, if any. Stakeholders are invited to comment until November 2, 2018.
This Exposure Draft consists of:
- an explanation of why change was needed;
- key public interest considerations;
- proposed changes;
- a link to the IAASB’s Exposure Draft, including its Explanatory Memorandum;
- a description of the AASB’s process for adopting ISAs;
- a discussion of proposed significant Canadian amendments; and
- a proposed effective date.
Review the Exposure Draft on the AASB's website.
