Auditing and Assurance Standards Board

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]

Overview

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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

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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

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References

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  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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