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The joint policy statement (JPS) between auditors and actuaries has been updated. Read this updated guide for practical guidance on how auditors and actuaries can work together effectively to complete their respective engagements.
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The new JPS was issued into the CPA Canada Handbook – Assurance in March 2023 and is located in the appendix to Canadian Auditing Standard (CAS) 500, Audit Evidence.
This second edition of Audits of Financial Statements that Contain Amounts that Have Been Determined Using Actuarial Calculations has been updated in consultation with an expert panel of actuaries and auditors. The revisions in this edition include changes to reflect terminology of the new JPS and includes new example procedures in the appendices.
Included in this guide:
For additional information about the JPS between auditors and actuaries, visit the JPS project page and read the Basis of Conclusions on the FRAS Canada website.
November 6, 2023
Join us this November for timely updates, cutting-edge information on new technology, and quality networking with other forensic accounting and valuation professionals.
November 13, 2023
Come and join hundreds of accounting and finance professionals who are committed to creating an inclusive and equal profession, just like you.
November 22, 2023
On November 21, the Deputy Prime Minister and Minister of Finance released the federal government’s 2023 Fall Economic Statement (FES), which contained some new tax announcements along with an update on previously announced tax measures.