Professional Engagement Guide: Helping you navigate change in your practice

An essential resource for performing high-quality, cost-effective assurance and compilation engagements for small and medium-sized entities, the new Professional Engagement Guide (PEG) provides valuable guidance to help practitioners consistently apply the professional standards.

Prices may change without notice.

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The Professional Engagement Guide (PEG) provides comprehensive, practical step-by-step guidance to help you and your staff perform assurance and compilation engagements relating primarily to small and medium-sized entities.

PEG will help you:

  • conduct high-quality, cost-effective small and medium-sized entity assurance and compilation engagements in compliance with professional standards
  • inform, educate and train professional accountants and students
  • better serve the public interest.

What’s included

PEG delivers:

  • step-by-step approaches to completing audit, review and compilation engagements that address the key requirements and concepts in the professional standards
  • practical guidance and illustrations that will help you comply with the Canadian Auditing Standards (CAS) and Other Canadian Standards (OCS) in the CPA Canada Handbook –  Assurance
  • illustrative case studies (including detailed sample completed forms) outlining how the elements of the audit process can be documented in practice
  • customizable engagement forms, checklists and sample letters in Word or Excel format to help you ensure engagement completeness and consistency in your work
  • over 40 new review forms and two sample review engagement letters based on the requirements of the new Canadian Standard on Review Engagements (CSRE 2400)
  • PDFs of the publications:
    • Model Financial Statements – Private Enterprises
    • Model Financial Statements – Private sector NFPOs
  • references and links to the relevant standards in the CPA Canada Handbook – Assurance. (Note that the DVD and versions of PEG include convenient links to all Handbook references.)
  • a supplementary aid titled A Guide to Other Practice Areas (available only on and DVD), which provides guidance on topics such as:
    • management consulting
    • future oriented financial information (FOFI)
    • Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)
    • Personal Information Protection and Electronics Document Act (PIPEDA)


Subscribers to the online version receive access to the PEG Resource Centre landing page on, which contains valuable links, tools and resources for practitioners.