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.
August 17, 2020
A new related services standard opens the door to a broader range of agreed-upon procedures (AUP) engagements. Learn about how this new standard addresses emerging demands for AUP engagements and promotes consistent performance by practitioners.
July 20, 2020
Learn how your clients' control may be impacted, your responsibilities as the auditor, and practical audit considerations to help you in this ever-changing and unstable environment.
Our blog gives you timely, practical, and relevant information that will help you better perform your evolving role as an audit and assurance professional.
Learn how automation and artificial intelligence (AI) will change the audit and the role of the auditor. This is the second publication in a series that explores AI and its impact on the CPA profession.
May 19, 2020
COVID-19 has forced auditors to work differently. Learn about the changing nature of audit evidence and related considerations for auditors to support the performance of high-quality audits in the current environment.
May 11, 2020
Get a better understanding of the current challenges management and auditors face for calendar year-end companies heading into the first reporting period of 2020. We also cover important interim reporting reminders in light of COVID-19.
Learn about changes to the auditor’s responsibilities related to revised CAS 315, Identifying and Assessing the Risks of Material Misstatement.
We have compiled a summary of resources to help you understand the potential financial reporting, audit and practice management implications of the COVID-19 pandemic.
April 27, 2020
COVID-19-related events may cause a deterioration in an entity’s operating results and financial position, affecting its ability to continue as a going concern. Learn how to address the audit challenges that arise from these conditions.
Learn about whether not-for-profit organizations applying Accounting Standards for Not-for-Profit Organizations (ASNPO) in Part III of the CPA Canada Handbook – Accounting (Handbook) should adjust annual financial statements issued in 2020 for the effects of COVID-19.
March 25, 2020
The COVID-19 pandemic has disrupted the lives of millions of people and paralyzed the global economy. Explore our resources to stay informed during this challenging time.
March 23, 2020
CPA Canada and the Auditing and Assurance Standards Board (AASB) Working Group on Auditing Crypto-Assets has published two Viewpoints with guidance for auditors. Learn about issues to consider and how to tackle when auditing crypto-assets.
Help your clients learn about financial statements and the different levels of service a CPA can provide with respect to communications on the financial statements (i.e. audit, review or compilation).
Learn about factors an auditor may consider when determining how to obtain sufficient appropriate audit evidence to support the ownership assertion for financial statements that contain material crypto-asset balances.
Learn about factors an auditor may consider concerning the relevance and reliability of information obtained from a public blockchain to be used as audit evidence.
December 11, 2019
Learn about the publication explaining new requirements for auditors to communicate key audit matters in the auditor’s report.
Take advantage of our reporting guide, which aims to promote consistency in the form and content of practitioners' reports by providing guidance with respect to commonly occurring reporting circumstances.
November 15, 2019
Audit and assurance practitioners are an important segment of our membership. Help us assess whether we are supporting you in the best possible way.
Help your clients better understand the auditing process under revised CAS 540, Auditing Accounting Estimates and Related Disclosures.
September 10, 2019
This publication explains Canadian practitioner concerns with proposed international changes to engagement quality management standards.
Understand what is required if you have been engaged to provide an audit opinion on a third party's regulated activities expenses.
Read about key messages heard at a recent symposium that explored the intersection of technology and ethics, and what that means for the way we do business, run our organizations and manage risk.
Learn about the new accounting standards for private enterprises (ASPE) issued in June 2019 in Part II of the CPA Canada Handbook – Accounting (Handbook).
Obtain practical, non-authoritative guidance on preparing the audit of a federal election candidate.
July 10, 2019
Learn about a potential shift in direction for auditing standards for audits of less complex entities.
June 10, 2019
CPA Canada and the Canadian Auditing and Assurance Standards Board (AASB) have collaborated with regulators, auditors and individuals in the crypto-asset industry to explore auditing approaches to respond to the risks in this evolving industry.
Access the latest versions of WebTrust principles and criteria and non-authoritative practitioner guidance, including illustrative assurance reports.
May 15, 2019
The use of audit data analytics (ADAs) is an important advancement in audit innovation. Learn about CPA Canada's recent initiative on the use of ADAs in Canada.
Learn about how to report on a Statement of Revenue and Expenditure Report with the Ministry of Training, Colleges and Universities Transfer Payment Recipients prepared in accordance with a Special Purpose Financial Reporting Framework.
Learn about the changes in the new and revised auditor reporting suite of standards.
Learn about changes to the auditor's responsibilities related to revised CAS 540, Auditing Accounting Estimates and Related Disclosures.
If you have been engaged to report on an electoral district association, this guide will help you understand your responsibilities as auditor and provide guidance on how to apply auditing standards in this situation.
Learn about communicating key audit matters in the independent auditor's report.
Learn about considerations related to auditing an entity with material cryptocurrency assets and transactions under the Canadian Auditing Standards (CAS).
November 8, 2018
This publication explains recent developments on KPIs and an initiative to enhance their credibility through assurance.
The world is going through a period of unprecedented change. The audit and assurance profession must innovate, collaborate, educate, adapt and experiment to evolve and advance the audit going forward.
Through effective oversight, audit committees contribute to the audit’s overall quality while safeguarding the external auditor’s independence. Learn more about audit committee responsibilities, as well as activities and best practices to meet those responsibilities.
When an audit committee is not conducting a comprehensive review of the external auditor, it’s still important to conduct an annual assessment. Our helpful tool identifies three factors your audit committees should consider and assess.
July 17, 2018
Data analytics enable auditors to explore large data sets to assess risk and identify outliers, resulting in improved audit quality. How easy is it, then, to implement data analytics in an audit?
Learn about common pitfalls auditors might encounter when applying certain requirements of CAS 330: The Auditor's Responses to Assessed Risks, as it relates to designing and performing tests of relevant controls.
Learn about the implications of IT for audit when applying certain requirements of CAS 330, The Auditor’s Responses to Assessed Risks, as it relates to designing and performing tests of relevant controls.
Purchase the CPA Canada Guide to Audit Data Analytics, which is designed to assist and encourage practitioners to make use of technology-based data analytics in the audit of financial statements.
Learn about the WebTrust seal program for Certification Authorities.
Find examples of proper usage of the WebTrust seal and mark, and learn about renewing, revoking, and suspending seals.
Find a list of practitioners enrolled in the WebTrust program.
Learn about how blockchain technology may affect the audit and assurance profession, from its impact on the financial statement audit to opportunities that may arise in a blockchain-enabled world.
Learn about the changes to the combined CAS/PCAOB auditor's report for 2017.
December 18, 2017
The Monitoring Group is reviewing the international auditing and assurance standard-setting process, and the outcome could have significant implications for the Canadian landscape.
Learn about Audit Data Analytics (ADA) and sample questions that audit committees might consider asking the auditors of their organizations regarding the use of ADAs.
Find out the results of an important survey commissioned by CPA Canada to understand how Canadian auditors are using ADAs in performing financial statement audits.
Learn about the auditor's responsibilities relating to other information.
What do management and audit committees need to know about the new auditor reporting standards? This FAQ addresses the key concepts and questions relevant to management and audit committees.
This is your source for tools and resources to promote awareness, understanding and effective implementation of the new and revised auditor reporting standards.
Learn more about audit data analytics and how you can work with your auditors to promote more frequent and effective use of data analytics in your organization's financial statement audit.
Learn more about audit data analytics and how to engage in productive dialogue with your clients to promote increased use of data analytics into the audits of financial statements.
Learn about the challenges you may face when applying the requirements of CAS 250, Non-Compliance with Laws and Regulations.
Read this audit data analytics alert to better understand audit data analytics and the drivers, opportunities and hurdles to overcome in integrating more extensive use of data analytics into the audit of financial statements.
Promote a consistent level of quality in your practice that is in accordance with professional standards with the C•PEM Electronic Templates.
Receive detailed direction and guidance for performing effective audit, review and other assurance and compilation engagements for small and medium-sized entities.
A valuable resource for your practice, C•PEM provides a comprehensive road map to performing effective and efficient engagements in Canada.
The C•PEM Forms Walkthroughs are practical videos designed to walk you through the process of filling out the key C•PEM forms step-by-step.
Get an in-depth look at performing a risk assessment under CAS, as part of an audit of a not-for-profit organization (NFPO).
Learn how to test the appropriateness of journal entries made in the preparation of financial statements as a response to the risks of management override of controls.
Learn about the conclusions and final positions of Chartered Professional Accountants of Canada (CPA Canada) and the Canadian Public Accountability Board (CPAB) on their collaborative and comprehensive Enhancing Audit Quality (EAQ) initiative.
Learn about the requirements when using internal auditors to provide direct assistance on the audit in accordance with CAS 610.
The CPA Canada Standards and Guidance Collection is a complete electronic reference source, providing up-to-date information on accounting and assurance standards, public sector accounting standards, and much more.
The CPA Canada Public Sector Accounting Handbook is your trusted source for public sector standards.
CPA Canada Handbook – Assurance offers valuable guidance to help you meet the professional standards.
Do you have a group audit? Learn the what, when and how of implementing CAS 600.
Learn about four key publications that are packed with practical tips and best practices to improve audit committee oversight.
Learn how the Enhancing Audit Quality (EAQ) initiative contributed an important, Canadian perspective to domestic and international efforts to improve audit quality.
After the financial crisis, many proposals on auditor independence were advanced by global organizations. Learn from our complete overview of the Independence Working Group (IWG)’s evaluation of various proposals to modify auditor independence rules.
Learn more about the background of the Enhancing Audit Quality (EAQ) initiative, including why the initiative was formed and how it helped to improve audit quality.
Learn about the Auditor Reporting Working Group (ARWG)’s exploration of various proposals to enhance audit quality by strengthening the auditor’s report.
Does your client’s audit committee need to improve their oversight function? Guidance and Tools for Audit Committees — FAQs answers key questions about tools we have developed to help audit committees enhance audit quality.
Strengthen your accounting abilities by leveraging the broad range of high-quality educational materials and opportunities available on the websites of the legacy accounting organizations.
Access high-quality professional development courses and recorded presentations to strengthen your accounting competencies at CPA Learning Centre, a legacy CPA resource that is still available to CPA members.
Learn about the challenges you may face when applying the requirements of CAS 600 in group audits.