Auditing and Assurance Standards Board

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The Auditing and Assurance Standards Board (AASB) is an independent organization body who serves the Canadian public interest by setting the standards for financial statement audits of Canadian companies. [1]

Contents

Overview

The AASB works towards developing internationally accepted assurance standards and works toward adopting them as Canadian standards. [2] CPA Canada, formerly the Canadian Institute of Chartered Accountants funds the AASB and provides administrative and other support. [3]

Monitoring

In October 2002 the Auditing and Assurance Standards Oversight Council (AASOC) was established by the Canadian Institute of Chartered Accountants (CICA) to oversee the activities of the AASB. [4]

See also

References

  1. ↑ Canada: Financial Sector Assessment Program - Detailed Assessment of the Level of Implementation of the IOSCO Principles and Objectives of Securities Regulation. Washington, D.C.: International Monetary Fund. 2008. p. 34. ISBN   978-1-45180-704-2.
  2. ↑ "New Canadian auditing standards and quality control standard for firms now available" (Press release). July 13, 2009. Retrieved May 27, 2013.
  3. ↑ "Money Services Business (MSB) Registration With FINTRAC In Canada" . Retrieved 2024-01-30.
  4. ↑ Tracy, John (2011). Accounting For Canadians For Dummies. Wiley. ISBN   978-1-118-22381-9.


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