This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Vancouver Stakeholder Outreach Sessions: What the AASB Heard – October 2017

  • AASB Image

Jan 10, 2018

On January 10, 2018, the Auditing and Assurance Standards Board (AASB) released a summary of the two outreach sessions it hosted in Vancouver in October 2017 with local stakeholders on issues affecting auditing and assurance standards.

The outreach sessions were:

  • Enhancing Investor Confidence in Financial Information Beyond Financial Statements: Is there an enhanced role for the auditor?
  • Issues in applying the Canadian Auditing Standards (CASs) to audits of small-medium sized entities (SMEs).

The first session focused on understanding the information investors use in making their investment decisions, securities regulatory developments in this area and new auditor reporting standards. The session, held in collaboration with the CFA Society of Toronto and the B.C. Securities Commission, included participants such as investors, audit committee members, financial statements preparers, and auditors. The session explored whether there is a role for the auditor with respect to information investors use beyond financial statements, and the merits of the new reporting standards.

The second session focused on the perspective of practitioners who audit SMEs, with participants from small and medium-sized practices (SMPs). The session explored challenges they face in applying CASs to SMEs, how the AASB can respond to those challenges, and how consultations with practitioners can be improved.

Review the full summary on the AASB's website.

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.