Professional Engagement Guide (PEG)

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

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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 and review 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
  • 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.
  • a supplementary aid titled A Guide to Other Practice Areas (available only on Knotia.ca), which provides guidance on topics such as:
    • management consulting
    • business valuation
    • strategic planning
    • future oriented financial information (FOFI)
    • Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)
    • Personal Information Protection and Electronics Document Act (PIPEDA)
    • reports on Supplementary Matters Arising from an Audit or a Review Engagement

Plus

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