Audit and assurance alert: Auditors and actuaries, a new joint policy statement
A new joint policy statement between auditors and actuaries is effective for communications initiated on or after March 31, 2023. Read this alert to learn more about the changes.
This audit and assurance alert has been issued to raise awareness about the Joint Policy Statement Concerning Communications between Actuaries Involved in the Preparation of Financial Statements and Auditors (JPS). The JPS is effective for communications initiated on or after March 31, 2023, and is included as an appendix to Canadian Auditing Standard (CAS) 500, Audit Evidence in the CPA Canada Handbook – Assurance. This alert will help you understand the changes you can expect to see and how those changes may impact communications between auditors and actuaries.