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AASB Exposure Draft – Communication of Key Audit Matters in the Auditor’s Report

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Jan 31, 2019

On January 31, 2019, the Auditing and Assurance Standards Board (AASB) issued an Exposure Draft proposing revisions to CAS 700, relating to the communication of key audit matters in the auditor’s report. Comments are requested by May 15, 2019.

Main features of the Exposure Draft

The AASB proposes to expand the requirements for auditors to communicate KAM for audits of complete sets of general purpose financial statements so that they apply to:

  • all entities listed on the TSX, TSXV, NEO and CSE; and
  • all entities required to comply with NI 81-106

Review the Exposure Draft 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.