Auditing and Assurance Standards Board and Canadian Bar Association issue joint Exposure Draft
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The Exposure Draft entitled “Joint Policy Statement Concerning Communications with Law Firms Regarding Claims and Possible Claims in Connection with the Preparation and Audit of Financial Statements” proposes to revise the existing joint policy statement (JPS). Stakeholders (auditors, financial statement preparers, law firms and legal advisors) are invited to submit their comments by April 6, 2015. Comment on the Exposure Draft