AASB Annual Plan – 2019-2020

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Apr 01, 2019

On April 1, 2019, the Auditing and Assurance Stan­dards Board (AASB) pub­lished its Annual Plan for 2019-2020. This Annual Plan sets out the Board’s key activities in 2019-2020, in order to help it achieve the objectives in its five-year Strategic Plan for 2016-2021.

The AASB is in the fourth year of its current Strategic Plan.

As part of its activities in 2020-2021, the AASB plans to:

  • monitor, participate, and respond to international developments, including the Monitoring Group consultation on Strengthening the Governance and Oversight of the International Audit-Related Standard-Setting Boards in the Public Interest;
  • monitor the use of emerging technologies in financial reporting and audit;
  • progress several key audit standards projects, including those relating to the following: auditor reporting (combined reporting and disclosure of the audit engagement partner’s name); considering revisions to CAS 600, Group Audits; issuing the revisions to CAS 315, Identifying and Assessing the Risks of Material Misstatement, and the changes to the Quality Management standards;
  • progress standards for engagements other than audits of financial statements, including those related to the following: approve revised standards for Agreed-upon Procedures; issue a revised standard for Compilation Engagements; issue revised standards for performance audits in the Public Sector; and issue a revised standard on Reporting on Controls at a Service Organization.    

For further details, refer to the Annual Plan on the AASB's web­site.


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