Audit and assurance alert: Significant revisions to the joint policy statement

Learn about significant changes in the revised Joint Policy Statement (JPS), which is effective for inquiry letters dated on or after December 1, 2016.

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This CPA Canada Audit and Assurance Alert notifies practitioners of significant revisions to the Joint Policy Statement (JPS) that assists auditors and law firms, together with financial statement preparers, to communicate effectively with respect to claims and possible claims as part of an audit of financial statements. The revised JPS is effective for inquiry letters dated on or after December 1, 2016.

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