Canadian auditing standards (CAS)

New and revised auditor reporting: External resources

CPA Canada has compiled an inventory of useful external resources to help you understand and apply the new and revised auditor reporting standards.

Revised CAS 315 resources

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.

ASNPO briefing: Section 4449, Combinations by not-for-profit organizations

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.

Audits of less complex entities at a turning point : Input needed

November 10, 2021

The Auditing and Assurance Standards Board (AASB) has issued a discussion paper. Learn more about the options being considered.

Implementation tool for auditors: Dealing with ROMM due to fraud in revenue recognition

Learn how to identify, assess and respond to the presumed risk of material misstatement (ROMM) due to fraud in revenue recognition.

Fraud and going concern: Closing the expectation gap in audit

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.

Recent guidance on using automated tools and techniques (ATT) in the audit

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.

CPA Canada responds to May 2021 CSA notice and request for comment

Learn about our submission to the Canadian Securities Administrators (CSA) May 2021 Notice and Request for Comment.

Evaluating the information reliability of automated processes

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.

Practitioner's implementation tool: Revised CAS 540, auditing estimates

Looking for specifics about implementing revised CAS 540? Learn the what, why and how of auditing accounting estimates and related disclosures.