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The Basis for Conclusions provides background to the Exposure Draft process, objectives of the project, significant matters arising from comments received in response to an Exposure Draft and the Auditing and Assurance Standards Board’s (AASB) conclusions regarding these comments in developing the final standard. The Basis for Conclusions related to International Auditing and Assurance Standards Board (IAASB) standards adopted in Canada, such as Canadian Auditing Standards (CASs) and Canadian Standard on Quality Control (CSQC), focus on how the AASB dealt with comments related to possible amendments to the wording of the international standards in finalizing the Canadian standards. The Basis for Conclusions for these standards also provides a link to the corresponding documents developed by staff of the IAASB. The Basis for Conclusions, issued to date, are available for:
Canadian Standards on Quality Control
Canadian Auditing Standards
Other Canadian Standards Canadian Standards on Quality Control
Canadian Auditing Standards
(issued September 2009)
Six Canadian Auditing Standards were developed and approved prior to the Board changing its policies and procedures to require a Basis for Conclusion for each approved standard. The Board decided that it was not practical to implement these policies and procedures retroactively. However, links to the corresponding six International Standards on Auditing (ISA) Basis for Conclusions on the IAASB website are available below.
Other Canadian Standards |