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Learn about the changes proposed to the current Canadian Standard on Assurance Engagements (CSAE) 3416, Reporting on Controls at a Service Organization, and the timeline to respond to the recently issued exposure draft (ED).
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CPA Canada has issued this Audit and Assurance Alert to raise awareness of the recent exposure draft issued by the Auditing and Assurance Standards Board (AASB) in December 2018, which highlights significant proposed changes to the current CSAE 3416, Reporting on Controls at a Service Organization. These engagements are commonly referred to as SOC 1 engagements.
Practitioners who prepare CSAE 3416 reports or who use CSAE 3416 reports as audit evidence (e.g., service auditors' reports) are strongly encouraged to read the ED to familiarize themselves with the proposed changes and to consider and provide feedback to the AASB on how they expect these changes will be applied in practice. Comments to the AASB must be received by February 28, 2019.
September 23, 2019
Canada’s dynamic, must-attend CPA event of the year is heading to Montréal with the theme of innovation for sustainability.
October 28, 2019
If you’re a senior financial professional in the public sector or work for a not-for-profit that follows PSAB standards, this annual event in the nation’s capital is the place to be.
November 7, 2019
Join CPA Canada’s Financial Literacy Program in Ottawa, our nation’s capital, as we look at the trends changing the economic landscape and how they will affect how Canadians manage their money.