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Professional engagement guide (PEG)

Your essential resource for performing high quality engagements. Arm yourself with PEG to consistently apply the professional standards, featuring four core areas of support – strategic guidance, step-by-step methodology, relevant case studies and timely practice aids.

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.


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


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 and other CPA Canada publications

Additionally, subscribers receive access to the PEG Resource Centre on, which contains valuable links, tools and resources for practitioners.


Developed with the needs of small and medium-sized practitioners in mind, PACT consists of resources on topics related to practice management, advisory, compilations and tax.