Auditing and Assurance Standards Board

The Auditing and Assurance Standards Board (AASB) is an independent body that develops and sets standards for auditing and assurance services in Canada. Its primary goal is to ensure that financial statements are accurate and trustworthy, which helps maintain public confidence in the financial system. By establishing clear guidelines and best practices for auditors, the AASB promotes consistency and high quality in financial reporting. This is essential for businesses, investors, and regulators to make informed decisions based on reliable financial information.