With the complexities relating to the changes to accounting and auditing standards, the purpose of The Reporting Implications of New Auditing and Accounting Standards (Issue No. 12 – April 2014) is to promote consistency in the form and content of practitioners’ reports by providing guidance with respect to commonly occurring circumstances. This guide does not amend or override auditing or review standards, the texts of which alone are authoritative, nor does it necessarily address all audit reporting changes resulting from the Canadian Auditing Standards (CAS). This CPA Canada publication has been developed by the Task Force on Audit Reporting Implications of the New Canadian Auditing Standards. The material in this guide represents the views of the task force. Guide format: a series of issues presented in Q&A format illustrative reports These are designed to help you understand and apply requirements and supporting guidance issued by the Auditing and Assurance Standards Board (AASB) relating to reporting.