AASB Basis of conclusions re the amendments to paragraph 46 of CAS 700

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Mar 29, 2019

On March 29, 2019, the Auditing and Assurance Standards Board (AASB) released its Basis of Conclusions for the recent amendments to the effective date of paragraph 46 of CAS 700, Forming an Opinion and Reporting on Financial Statements.

The Basis for Conclusions has been prepared to make Canadian stakeholders aware of the AASB’s revisions to CAS 700, how the AASB obtained input from stakeholders, and how it dealt with significant matters arising from comments received. It includes background information relating to the reporting requirements for Canadian reporting issuers that are Multijurisdictional Disclosure System filers and the requirements in CAS 700 regarding disclosure of the engagement partner name.

Access the Basis of Conclusions on the AASB’s website.

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