Audit and assurance alert: Exposure draft on compilations engagements

Learn about the Exposure Draft (ED) issued by the Auditing and Assurance Standards Board (AASB) in September 2018 proposing a new Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements.

Get your downloadable electronic copy.

Download Now

This alert raises awareness about the recent ED issued by the AASB in September 2018, highlighting significant changes in the new proposed standard which will replace Section 9200.

The draft introduces proposals that would significantly change the communication attached to compiled financial information and could affect the way practitioners perform the engagement. The aim of these proposals is to:

  • better assist practitioners in performing compilation engagements in the current environment
  • communicate more clearly to users the responsibilities of management and the practitioner, and the nature and scope of a compilation engagement.

Canadian practitioners have an opportunity to influence the final CSRS 4200 by providing comments to the AASB on the proposals. Comments to the AASB must be received by November 30, 2018.