Learn about the temporary WebTrust Seal for qualified reports related to events of an uncontrolled nature (force majeure).
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.
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.
January 25, 2023
In a world overloaded with data and evolving stakeholder expectations and requirements, new types of assurance engagements and assurance providers are emerging to enhance confidence in different types of information. Keep reading to learn more.
A comprehensive, peer-reviewed approach to guide practitioners in adhering to the relevant standards and support the effective evaluation, design, implementation, and maintenance of your firm’s system of quality management (SOQM).
Canadian Auditing Standard (CAS) 600 was issued into the CPA Canada Handbook – Assurance in August 2022 and is effective for audits of financial statements for periods beginning on or after December 15, 2023.
November 14, 2022
CPA Canada continues to communicate about topics of importance in the emerging crypto-asset industry, in support of high-quality audits. Read this blog to learn about our latest topic on auditing mining revenue.
Read this FAQ to learn about considerations when auditing crypto-asset mining revenue and check out the illustrative examples included in the appendix.
September 2, 2022
Organizations increasingly rely on IT for internal operations and when engaging with external service providers. Keep reading to learn about auditors’ responsibilities related to their client’s IT environment and the related general information technology controls.
August 5, 2022
Under the revised group audit standard, the approach to planning and performing a group audit has evolved. Learn more about these changes and what tools are available to help practitioners implement the revised standard.
This Audit & Assurance Alert is being issued to raise awareness about the revised Canadian Auditing Standard (CAS) 600, Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors).
June 21, 2022
Learn about the role of the assurance profession in the rapidly growing and evolving sustainable debt market.
May 16, 2022
New and revised quality management standards are coming into effect soon. Are you ready?
April 14, 2022
Continuous technological developments are creating risks and opportunities for the audit profession today and into the future. Read this blog for updates on recent activities and to access our suite of helpful resources.
Help your audit clients understand the key changes in the new risk identification and assessment standard and how these changes affect them.
March 14, 2022
Learn about recent developments in sustainability reporting and assurance and their impact on the Canadian assurance profession.
CPA Canada has compiled an inventory of useful external resources to help you understand and apply the new and revised auditor reporting standards.
CAS 315 has been significantly revised to promote a more effective risk identification and assessment. Learn about the changes to the standard and understand how these will impact your audit engagements.
In March 2021, the Accounting Standards Board (AcSB) issued Section 4449, Combinations by Not-for-Profit Organizations in Part III of the CPA Canada Handbook – Accounting. Learn more about this new section in our briefing.
November 10, 2021
The Auditing and Assurance Standards Board (AASB) has issued a discussion paper. Learn more about the options being considered.
Learn how to identify, assess and respond to the presumed risk of material misstatement (ROMM) due to fraud in revenue recognition.
Read this report to learn about recommendations for narrowing the expectation gap for fraud and going concern. Using a multi-stakeholder approach, the underlying research for this report was supported by virtual roundtables around the globe.
October 19, 2021
New to using ATT in audits? Wondering how to use ATT appropriately for risk assessment, audit procedures or what to document? Find a summary of recent Canadian and International resources here.
Learn about our submission to the Canadian Securities Administrators (CSA) May 2021 Notice and Request for Comment.
August 26, 2021
How do you consider information reliability when using automated tools and techniques? What about the information produced by the entity? Find answers on designing and performing audit procedures to obtain sufficient appropriate audit evidence here.
Looking for specifics about implementing revised CAS 540? Learn the what, why and how of auditing accounting estimates and related disclosures.
Explore our digital catalogue for professional development. Search by sector, topic or format to keep up with the latest in your field and find flexible ways to earn CPD hours, upskill or deepen your expertise.
Explore our digital catalogue for professional development. Search by sector, topic or format to keep up with the latest in your field and find flexible ways to earn CPD hours, upskill or deepen your expertise.
Looking for tips on how to implement selected requirements in CAS 315? Interested in why certain requirements in CAS 315 exist and how they drive an effective audit? Read this guidance to find out more.
Climate change is increasingly front of mind for investors and other stakeholders as its effects are increasingly visible. This alert assists auditors in understanding considerations of climate-related risks in an audit of financial statements.
In December 2019, the Accounting Standards Board (AcSB) issued amendments to Section 3400, Revenue in Part II of the CPA Canada Handbook – Accounting. Learn more about the amendments in our briefing.
Download our handy guide for a summary of CPA Canada's audit and assurance resources, including alerts, briefings, implementation tools, guides and webinars. This non-authoritative guidance covers topics including auditing and assurance standards and audit data analytics.
Learn about the significant reporting requirements when auditing electoral campaign returns for federal candidates.
April 27, 2021
Auditors need a process for communicating key audit matters in the auditor’s report. Learn about this requirement and access free guidance materials featuring lessons learned from auditors who have begun implementing this new reporting standard.
Learn about audit considerations when a third party provides crypto-assets services to the entity, including assessing whether a service organization relationship exists and identifying risks and relevant controls at the service organization.
March 23, 2021
The new Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements, comes into effect this year, with potentially significant impacts for practitioners. Here are some resources to help you understand the changes and get started.
Learn about the November 2020 amendments to Section 3462, Employee Future Benefits, under accounting standards for private enterprises (ASPE) in Part II of the CPA Canada Handbook – Accounting.
February 23, 2021
We know audits will be more challenging this year, but what specific matters should auditors focus on in order to deliver high-quality audits? Read this blog for key insights from CPAB’s Angelo Giardina.
February 11, 2021
We know we need professional skepticism, but what does it mean for remote audits? Read this blog and listen to our podcast to learn what Karen Higgins, audit and assurance partner at Deloitte Canada, had to say.
Keep your finger on the pulse of the accounting profession. Get clear and timely updates, live or on-demand, on current accounting, audit and assurance, tax and technology developments that will affect your practice.
Learn about our submission to the International Financial Reporting Standards (IFRS) Foundation in response to its consultation paper on sustainability reporting.
We have compiled a summary of key audit considerations and related CPA Canada and other resources to help you understand and address the audit and assurance implications of the COVID-19 pandemic.
January 20, 2021
Fraud and going concern are common buzz words in today’s environment. With the release of an international audit discussion paper on these topics, stakeholders are sharing their views. Read on to learn more.
December 3, 2020
Learn how the receipt of government assistance by your clients may impact your engagements this year. This blog shares important reminders and considerations for auditors whose clients have been impacted by these new programs.
Discover free audit and assurance resources. Get help understanding and implementing Canadian Auditing Standards and other assurance and related services standards.
Learn about the amendments to Section 3065, Leases under accounting standards for private enterprises (ASPE) in Part II of the CPA Canada Handbook – Accounting in our latest ASPE alert.
November 16, 2020
A new standard addressing the special considerations in the audit of group financial statements is coming. Learn about what to expect and areas where you may need to focus.
Looking for answers to common questions about implementing revised CAS 540, Auditing Accounting Estimates and Related Disclosures? Check out our free resource for practitioners.
September 29, 2020
The revised standard, CAS 540, includes several changes that auditors will need to understand and implement. Josee Delli Colli, CPA, CA, of Richter, discusses how they are implementing these changes during a pandemic, including where scalability may arise.
All auditors will be affected by the changes in revised CAS 540, Auditing Accounting Estimates and Related Disclosures. Our free guidance materials will help you implement these changes and advise your clients on their impact.