Professional engagement guide (PEG)

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

Annual Internet Subscription: Office Licence (5 users) |  Item # 50060612 |  Member $395, Non Member $430
Annual Internet subscription (5 users) |  Item # 90060 |  Member $595, Non Member $650

Prices may change without notice.

Purchase Now

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.

The 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 and other CPA Canada publications.
  • a supplementary aid titled A Guide to Other Practice Areas (available only on, which provides guidance on topics such as:
    • advisory guidance and letters on business valuation, management consulting and strategic planning
    • advisory services
    • 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

Get free access to complementary resources

Until March 31, 2020, receive free and immediate access to invaluable resources that will complement your PEG learning experience. These relevant resources include:

  • Auditor Reporting Guide
  • Audit and Assurance Summary Resource Guide
  • Practitioner's Pulse Webinar - July 2019 (CAS 540, CRA commentary, federal budget update)


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