CPABC in Focus September/October 2014 | Page 45

What are some standards that may have an impact for BC members? The AASB has committed to adopting the international standards on auditing (ISAs), after ensuring that there is due process and consideration has been made of any uniquely Canadian needs. The IAASB is in the exposure draft stage on a number of standards, including auditor reporting (ISA 700), and other information (ISA 720) that will have implications for any member signing audit reports. The Canadian board has spent