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Report: Post-implementation Review of CSRS 4460, Reports on Supplementary Matters Arising from an Audit or a Review Engagement

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Jul 03, 2020

On July 3, 2020, the Auditing and Assurance Standards Board (AASB) issued a report on its post-implementation review of CSRS 4460, Reports on Supplementary Matters Arising from an Audit or a Review Engagement.

Between November 2019 and January 2020, the AASB conducted a post-implementation review (PIR) of CSRS 4460, Reports on Supplementary Matters Arising from an Audit or a Review Engagement.  

A summary of the PIR Findings is as follows:

  • Results from the PIR indicate that CSRS 4460 is meeting its objective of improving the way practitioners are responding to a third-party request for a report on supplementary matters.
  • Even though there are some areas of CSRS 4460 that could be clearer, practitioners were generally able to overcome first-year implementation challenges.
  • As no significant flaws with CSRS 4460 were identified and given its other priorities, the AASB is not planning to make extensive revisions to CSRS 4460 in the near future.
  • The AASB will consider stakeholders’ comments on improving the clarity of CSRS 4460 and will work with CPA Canada to determine whether further guidance may be helpful.

Re­view the Report on the AASB’s web­site.

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