Survey – Auditor Reporting Post-implementation Review

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Sep 02, 2020

On September 2, 2020, the Auditing and Assurance Standards Board (AASB) released a survey to obtain Canadian stakeholders’ views on the enhanced auditor reporting standards via its AASB Auditing Reporting PIR Stakeholder Survey.

The survey aims to:

  • determine whether the standards are being consistently understood and implemented in a manner that achieves their intended purposes; 
  • identify how practical challenges and concerns are being addressed;
  • understand the extent of demand for additional information in the auditor’s report to improve transparency about the audit, including for example, additional communications about going concern, disclosures about materiality, and information about the scope of the audit; and
  • understand the extent of demand for wider application of those requirements that currently apply only to audits of financial statements of listed entities (e.g., whether requirements dealing with disclosure of the name of the engagement partner should apply to entities other than listed entities).

Review the survey on the AASB's website.

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