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