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Audits of less complex entities – Phase II [ED]
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This project addresses the challenge of applying the CASs to audits of LCEs, including whether to pursue a separate standard for audits of LCEs in Canada. |
Exposure draft |
Mar 31, 2024 |
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Future-Oriented Financial Information (Possible Amendments to AuG-6 and AuG-16) [Research]
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This project will determine what authoritative guidance, if any, is needed in the CPA Canada Handbook to address assurance matters pertaining to future-oriented financial information. |
Research |
Apr 30, 2024 |
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Going Concern [ED]
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On September 15, 2020, the International Auditing and Assurance Standards Board (IAASB) opened a public consultation, "Fraud and Going Concern in an Audit of Financial Statements: Exploring the Differences Between Public Perceptions About the Role of the Auditor and the Auditor’s Responsibilities in a Financial Statement Audit". Comments were requested by January 12, 2021. |
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Mar 31, 2024 |
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IAASB - Integrated Project on Audit Evidence and Risk Response [Research]
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The International Auditing and Assurance Standards Board (IAASB) has commenced its work on the risk response workstream of the Integrated Project on Audit Evidence and Risk Response, Including a Focus on Technology and Internal Control. During the first quarter of 2024, focus was on initial information-gathering activities, including reviewing responses to prior IAASB consultations, reviewing an initial selection of recent regulatory inspection reports, coordinating with the Audit Evidence Task Force and the Technology Consultation Group, and obtaining input from the Risk Response Project Focus Group. |
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Jun 03, 2024 |
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IAASB: Proposed International Standard on Sustainability Assurance (ISSA) 5000, General Requirements for Sustainability Assurance Engagements [ED]
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The IAASB approved the project proposal for the development of an overarching standard for assurance on sustainability reporting |
Research |
Mar 31, 2024 |
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PCAOB – Firm and Engagement Metrics [ED]
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On April 9, 2024, the Public Company Accounting Oversight Board (PCAOB) issued for public comment a proposal regarding public reporting of standardized firm and engagement metrics. The Firm and Engagement Metrics proposal would, if adopted, require PCAOB-registered public accounting firms that audit one or more issuers that qualify as an accelerated filer or large accelerated filer to publicly report specified metrics relating to such audits and their audit practice. |
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Apr 01, 2024 |
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PCAOB – Firm Reporting [ED]
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On April 9, 2024, the Public Company Accounting Oversight Board (PCAOB) issued for public comment a proposal regarding the PCAOB framework for collecting information from audit firms. The Firm Reporting proposal would, if adopted, amend the PCAOB’s annual and special reporting requirements to facilitate the disclosure of more complete, standardized, and timely information by registered public accounting firms. |
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Apr 30, 2024 |
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PCAOB Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations (NOCLAR) [ED]
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On June 6, 2023, the Public Company Accounting Oversight Board (PCAOB) issued for public comment a proposal to replace AS 2405, Illegal Acts by Clients, in its entirety with AS 2405, A Company’s Noncompliance with Laws and Regulations, together with conforming amendments to PCAOB auditing standards. The comment period is open through August 7, 2023. |
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Mar 31, 2024 |
